With ‘world’s largest 2-wheeler factory,’ Ola gears up for first EV roll-out in June

Billed as the world’s largest two-wheeler factory, home-grown mobility platform Ola’s upcoming 500-acre, Rs 2,400-crore manufacturing facility in Tamilnadu’s Krishnagiri district has an aggressive target: Roll out its first electric scooter by mid-June, upping it to a whopping 10 million annual capacity by 2022.

Riding on scale, Ola Electric intends to hit two million e-scooters a year capacity in months. And driving this ambitious strategy will be an equally aggressive pricing. Ola’s Chairman and Group CEO Bhavish Aggarwal would not get into specifics, but was clear the company’s market would be the world and not just India.