Ola To Set Up World's Largest Two Wheeler Factory In Tamil Nadu

Taking ahead the Aatmanirbhar Bharat Initiative,Bengaluru Based Unicorn Ola signed a memorandum of understanding (MoU) with the Government of Tamil Nadu for a venture of Rs 2,400 crore to set up one of the world's biggest bike factory in the state. This will be the organization's first set-up in Tamil Nadu.

The move comes as Ola intends to dispatch and grow its two-wheeler electric vehicles and improve India's electric vehicle environment while serving clients in Europe, Asia, and Latin American among different business sectors. The organization has roped in General Motor Veteran Jose Pinheiro to lead global manufacturing and operations for the initiative. 

Further explaining the move, a press statement said, this was a view towards decrease of India's import reliance in a key future area like electric vehicles, support local production, generate employment and improve the technical know-how in the nation. 

One of India's most significant new businesses, Ola has made massive bets on two wheelers as of late aiming to grow the span of its administrations, taking it to modest urban communities and towns the nation over. 

A week ago, the startup declared that it would bring its electric bike reach to New Zealand, prior to which it reported designs to recruit in excess of 2,000 individuals for its electric business as it quickly assembles a set-up of electric and brilliant metropolitan portability answers for purchasers around the globe.