EV Mechanica

Subscribe to EV Mechanica's Current Newsletter & never miss an update!

    Close Menu
      Facebook X (Twitter) Instagram
      EVMechanicaEVMechanica
      EVMechanicaEVMechanica
      • Home
      • News
        • E-Mobility
        • EV Battery
      • Charging Stations
      • Policy
      • Research
      • Interview
      • Jobs
      • Events
      • E-Mag
      • Subscription
      Facebook YouTube LinkedIn WhatsApp
      EVMechanicaEVMechanica
      Home » Ola Signs MoU with TN Govt to Develop EV Hub

      Ola Signs MoU with TN Govt to Develop EV Hub

      Aishwarya SaxenaBy Aishwarya SaxenaFebruary 20, 2023 E-Mobility 2 Mins Read
      Share
      Facebook Twitter LinkedIn WhatsApp

      Taking a significant step towards developing EV hub, Ola Electric has signed a memorandum of understanding (MoU) with the Tamil Nadu government, committing an investment of `7,614 crores for adding manufacturing units that will create employment for up to 3,111 people.

      EV Hub The project comprises an electric four-wheeler plant and an EV cell plant of 20GW battery manufacturing capacity, to be set up at SIPCOT Bargur in Krishnagiri district of Tamil Nadu.

      The proposed four-wheeler plant will come up on 200 acres, while the cell plant will be spread across 100 acres.

      The existing two-wheeler plant is on 500 acres. Ola plans to debut its four-wheeler EV by 2024 with a range of around 500 km on a single charge.

      Bhavish Aggarwal, founder & CEO, Ola, tweeted: “Ola will set up the world’s largest EV hub with integrated 2W, car and lithium cell gigafactories in Tamil Nadu.”

      According to the Tamil Nadu government, Ola group companies Ola Cell Technologies and Ola Electric Technologies will set up the lithium ion cell plant and EV car plant, respectively.

      Of the total investment, around `5,114 crore will go into the cell manufacturing plant and the remaining `2,500 crore will go into the four-wheeler manufacturing unit. The plan is to set up a unit to produce 140,000 electric four-wheelers per annum.

      The company’s current facility in Hosur is considered to be one of the world’s largest electric two-wheeler manufacturing units and has seen investments of more than `2,400 crore.

      Ola Electric had unveiled what it termed as India’s first indigenously developed lithium-ion cell in July 2022 and said will begin mass production of its cell, NMC 2170, from its upcoming gigafactory by 2023. The company by 2027 will have six different products in the market, including mass market scooter, mass market motorcycle, and multiple premium motorcycles like sports, cruisers, adventure and road bikes.

      The company is in the process of setting of Ola Futurefoundry — its global centre for advanced engineering and vehicle design — which will be based in Coventry, the UK.

      Ola plans to invest over $100 million in the next five years into the state-of-the-art centre and staff it with over 200 designers and automotive engineers.

      The centre will also partner with world-class education and research institutions in the UK to collaborate on technology research and development.

      battery manufacturing EV car plant gigafactory lithium-ion cell news Ola Cell Technologies Ola Futurefoundry
      Share. Facebook Twitter LinkedIn WhatsApp
      Aishwarya Saxena

      More article from Aishwarya Saxena

      Keep Reading

      Bihar Set to Deploy 150 Electric Buses August

      Tesla Unveils Oasis Supercharger with Solar, Off-Grid Batteries

      Heybike Galaxy series debuts with sleek, powerful e-bikes

      Leave A Reply Cancel Reply

      eleven − 9 =

      E-MOBILITY

      Bihar Set to Deploy 150 Electric Buses August

      July 4, 2025

      Heybike Galaxy series debuts with sleek, powerful e-bikes

      July 4, 2025

      Mahindra launches XEV 9e Pack Two in India

      July 4, 2025

      Matter aims to sell 10,000 electric motorcycles in 2025

      July 4, 2025

      Articles

      Delhi’s Fuel Ban Flip-Flop: A Policy Failure in Motion

      Introduction: A Capital Confusion Delhi government took a U-turn on its decision to implement the…

      India’s Largest Electric Bus Procurement Signals a Green Public Transit Revolution

      The Government of India has introduced the largest electric mobility project to date the procurement…

      Delhi’s Vehicle Age Ban: A Harsh Road to Clean Air or Policy Misfire?

      The government took fairly bold action to address Delhi’s chronic air pollution crisis by implementing…

      © 2025 EVMechanica.com.
      • Home
      • About Us
      • Contact Us
      • Subscription

      Type above and press Enter to search. Press Esc to cancel.