10 Million Man-hours Planned To Build Ola's Mega E-scooter Factory

Mobility company Ola, has commenced construction of the world’s largest mega-factory on its 500-acre site.

The Bhavish Aggarwal led company had announced a Rs 2400 crore MoU (memorandum of understanding) with the Tamil Nadu government in December 2020 and rapidly completed the land acquisition in January this year. The firm said it is racing ahead to operationalise its factory in the next few months.

“An estimated more than 10 million man-hours have been planned to bring the factory up in record time, with the first phase becoming operational in the coming months,” said

Through this entire process, is maintaining its strong focus on sustainability. The company has ensured the conservation of the green belt in the area by preserving and transplanting the trees on site. plans to have a large forest area within the site and reuse the excavated soil and rocks within the factory.

Ola’s mega-factory will have an initial capacity of 2 million units a year in phase 1. It will serve as the company’s global manufacturing hub for its range of electric-powered scooters and two-wheelers across India and international markets including Europe, UK, Latin America, Asia Pacific, Australia and New Zealand.

Expected to create 10,000 jobs, the factory will incorporate Industry 4.0 principles. It will be powered by Ola’s own proprietary AI Engine and tech stack that will be deeply integrated into all its systems.

The factory is also expected to be the country’s most automated, with about 5,000 robots and automated guided vehicles in use once it is operational to its full capacity. The company has already brought on board global partners and suppliers as it works towards getting its factory, billed to be the world’s largest scooter factory, operational in the coming months.

Ola is close to launching the first in its range of electric scooters in the coming months. The scooter is expected to have a unique design, removable battery, high performance and range as well as a host of industry-first technology features.

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

RECENT NEWS

The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty

In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more

Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction

In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more

Central Banks And The Economic Horizon: Steering Through Uncertaintie

In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more

Transforming Financial Operations With Robotic Process Automation

Author: Ricardo Goulart                           ... Read more

The Role Of Machine Learning In Fraud Detection

        Author: Gerardine Lucero                  &nbsp... Read more

Principles Of Islamic Banking And Finance

When it comes to banking, a significant new contender has entered the ring. The principles of Islamic banking and financ... Read more