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Ola Mobility to Start Off Lithium Battery Unit in Tamil Nadu

Ola’s centre, spreading across 2,000 acres in Tamil Nadu, will be utilized for manufacturing electric two-wheelers, cars and battery cells, additionally housing vendor and supplier parks.

February 21, 2023. By EI News Network

Ola Electric Mobility's plan to introduce four-wheeler Electric Vehicles (EVs) by 2024, the SoftBank-backed company has inked a Memorandum of Understanding with the government of Tamil Nadu to establish a four-wheeler EV manufacturing plant and a 20 GW b battery manufacturing division in Krishnagiri District.

The outlay of Ola incurred around Rs 7,614 crore, generating 3,111 jobs and transforming the provisions into the world’s biggest EV hub with two-wheeler, car and lithium cell giga factories.

The modern outlay will be division of the expansion prospects by the company at its branch located in Pochampalli.

The deal is done through its subsidiary companies Ola Cell Technologies (OCT) and Ola Electric Technologies (OET). From the overall investment, the amount INR 5,114 crore will spend on the cell manufacturing plant and the rest of the figure INR 2,500 crore will be incurred in the four-wheeler manufacturing unit. The company had declared that there was a prospect to come out with cars by 2024.

Karnataka-headquartered Ola Electric, which earned 20 GWh battery cell potential under the government’s production-linked incentive (PLI) scheme, is going to establish its lithium battery gigafab in the state of Tamil Nadu, India.

The organization has inked a memorandum of understanding with the Tamil Nadu government to outlay INR 7,614 crore into setting up the world’s largest EV hub with an integrated electric two-wheeler, car, and lithium cell gigafab in the state.

Ola EV centre will arrive as 2,000 acres of land at the company’s manufacturing provision in Tamil Nadu.

Ola has accumulated in establishing a trailblazing battery innovation center (BIC) in Bengaluru to generate modern cell technologies as it lays large-scale manufacturing of batteries.

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Energy Storage

Ola Mobility

Tamil Nadu

Lithium battery manufacturing plant