Ola may set up electric scooter manufacturing facility in India
If reports are to be believed, Ola Electric is likely to build India's largest electric scooter manufacturing plant. The company is in talks with various state governments, including Karnataka, Tamil Nadu, Andhra Pradesh and Maharashtra, for this project.
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The facility will have an annual production capacity of about 2 million units. The plant is expected to be built on a 100-acre land. Ola Electric may begin production in the next 18-24 months.
The company will compete with players like Bajaj Auto, Hero MotoCorp-backed AtherEnergy, Hero Electric and others that manufacture electric two-wheelers.
In August, Ola Electric announced its plans for launching an electric two-wheeler soon.
In May, Ola Electric acquired Amsterdam-based Etergo BV for an undisclosed amount.
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