Business Standard

Ola Electric scales up as it plans to gain a lead over competitors

Company will be adding in-house manufacture of motors as well as cells, which account for the bulk of the cost of a scooter

Ola Electric, EV Scooters, Two-Wheelers
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The company is planning to begin work on a one-million capacity passenger car factory — with the first model scheduled to roll out by 2024.

Surajeet Das Gupta New Delhi
It’s a two-hour drive from Bengaluru to a village that is coincidently called Olaipatti in the Krishnagiri district of Tamil Nadu. But the small village (population: 2,000), accessible from Bengaluru after crossing the Cauvery river, is witnessing a dramatic EV revolution. Ola Electric, the two-wheeler company of Ola, is expanding the annual capacity of its single mega-block modular plant fourfold to four million, with a planned ramp-up to 10 million, roughly half the current sales of scooters and motorcycles in the country. But it will pack this capacity in one single factory with a covered area of just 43 acres

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