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Ola Investment in Tamil Nadu : Big news related to Electric Vehicle manufacturer Ola Electric is coming out in the country. Ola Electric has decided to make a big investment in Tamil Nadu to make batteries for electric cars and electric vehicles in the country. This has been disclosed by the founder and CEO of Ola Electric, Bhavish Aggarwal (Bhavish Aggarwal, OLA CEO). Know what is the complete information related to it.
7614 crore will be invested
The demand for electric vehicles is increasing rapidly across the country. Every major company in the auto sector is contributing to meet this demand. Ola Electric has planned to invest $920 million, or Rs 7,614 crore, in Tamil Nadu to make batteries for electric cars and electric vehicles.
share info on twitter
Ola will setup the world’s largest EV hub with integrated 2W, Car and Lithium cell Gigafactories in Tamil Nadu.
Signed MoU with Tamil Nadu today. Thanks to Hon. CM @mkstalin for the support and partnership of the TN Govt.
Accelerating India’s transition to full electric! pic.twitter.com/ToV2W2MOsx
— Bhavish Aggarwal (@bhash) February 18, 2023
CEO Bhavish Aggarwal has shared information related to this on his official Twitter. Ola will invest Rs 7614 crore through its subsidiaries Ola Electric Technologies and Ola Cell Technologies.
3111 people will get jobs
Ola Electric has signed an MoU with Tamil Nadu Government in the presence of Tamil Nadu Chief Minister MK Stalin. Ola is going to set up a plant in Tamil Nadu by investing Rs 7,614 crore. Electric cars and lithium-ion cells will be produced in this plant. Along with this, 3,111 new jobs will be created in the state.
What did Bhavish Agarwal say
On this occasion, Bhavish Aggarwal says that the Prime Minister Narendra Modi (PM Modi) has seen the next 25 years as Amrit Kaal in India. I firmly believe that this is our decade and we have a great opportunity to shape our future. We are on the right track to become a global hub for EVs.
India will become an EV hub
Bhavish Aggarwal said that Ola’s EV Hub will bring the entire EV ecosystem under one roof, making us a stronger vertically integrated mobility company across 2-wheelers, 4-wheelers and SAIL. Ola will start mass production of its cells from its upcoming EV hub by 2023. Due to which India will become the hub of EV.
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