Ola Electric seeks to indigenously assemble electric vehicles: Report
Ride-sharing company Ola’s arm, Ola Electric, is planning to locally assemble its upcoming electric two-wheelers and it is in talks to onboard over 20 EV original equipment manufacturers (OEMs) including Bosch and Samsung, according to a report by The Mint.
The Ola’s arm is in the process of finalising the structure of manufacturing the units, while also reducing the dependence of the global supply chains, in the backdrop of PM Modi’s Make In India push.
“Ola Electric is currently speaking to leading India-based OEMs, parts and components manufacturers. We have seen huge interest from global players to shift base from China and other markets, and the plan is to create an indigenous (manufacturing) capacity to locally manufacture 1 million EVs, mostly two-wheelers, in the next two years in India,” a person aware of the development told the publication.
