Ola partners Siemens for EV facility
Ola on Wednesday said that it has partnered with Siemens to build its upcoming electric vehicle manufacturing facility. The scooter manufacturing unit was announced as a part of Ola’s memorandum of understanding with the Tamil Nadu government signed last month to invest Rs 2,400 crore towards building the facility.
“The factory will generate almost 10,000 jobs and with an initial capacity of 2 million units a year, it will be the largest scooter manufacturing facility in the world. It will serve as Ola’s global manufacturing hub catering to its customers in India as well as key markets across Europe, UK, Latin America and Australia-New Zealand,” Ola said in a press statement.
