Ola has started construction of a mega factory on 500 acre land parcel in Tamil Nadu. The company is eyeing to start its Phase-1 production of electric scooters within months.
The facility is being developed at a cost of Rs 2,400 crore at Hosur. This will be the world’s largest scooter factory, from where Ola's EV arm will be rolling out a range of electric scooters.
The company had signed a memorandum of understanding (MoU) with the Tamil Nadu government in December 2020 and completed land acquisition in January 2021.
More than 10 million man-hours have been planned to bring the factory up in record time. It is also focusing on sustainability by ensuring conservation of the green belt in the area by preserving and transplanting trees on the site.
The factory will have an initial capacity of 20 lakh units annually and serve as the company’s global manufacturing hub.
The project is expected to create 10,000 jobs. The factory will be powered by Ola’s own Artificial Intelligence engine and tech stack. About 5,000 robots and automated-guided vehicles will aid in the production at the factory.
Ola’s first range of electric scooters is expected to have removable batteries, besides high performance and range.