Ola Electric’s New EV Hub in Tamil Nadu’s Krishnagiri District to Employ 25,000 Workforce
- ByStartupStory | January 8, 2024
Ola Electric’s co-founder and CEO, Bhavish Aggarwal, announced at the Tamil Nadu Global Investor Meet (GIM) on January 7 that the company’s new EV hub being constructed in Tamil Nadu’s Krishnagiri district will potentially employ 25,000 workers when fully operational.
“Spread across 2000 acres, our EV hub will also have a vendor and supplier network in addition to manufacturing capacity. At full scale, our EV hub will have 25,000 strong workforce and together we will make Tamil Nadu and India, the global epicenter for EVs,” said Bhavish Aggarwal.
Aggarwal also revealed that the EV hub is set to become operational from the next month.
“We were able to set up one of India’s largest two-wheeler manufacturing facilities which we call the future factory in just eight months in Tamil Nadu, the EV hub will be operational next month. We have also made is production-ready in record time, this is possible only in India and Tamil Nadu,” Aggarwal stated.
In June 2023, Ola Electric announced its plans to establish an EV hub in Tamil Nadu, which will include the Ola Future Factory for EV manufacturing and a gigafactory along with co-located suppliers.
“This will be India’s first gigafactory, with a capacity of 100 GwH full-scale, and our two-wheeler manufacturing capacity with an envisioned capacity of 10 million units a year,” Aggarwal added at the Global Investors’ Meet 2024.
The ongoing Tamil Nadu Global Investors Meet, which commenced on January 7 at Chennai Trade Centre, features 9 partner countries and more than 30 participating nations.
Last year in January, Ola Electric signed an MoU with the Government of Tamil Nadu to invest more than Rs 7,000 crores in the state.
“We stay committed to our investment to build world-class EV manufacturing. While we continue to make strides in manufacturing EVs and cells, we feel great to be part of Tamil Nadu’s growth story,” Aggarwal concluded.
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