Ola signs MoU with Tamil Nadu government to setup a manufacturing hub for electric two-wheelers

Ola signed a memorandum of understanding (MoU) with the state government of Andhra Pradesh to set up a manufacturing hub for electric two-wheelers in the state.

The two-wheeler factory in Tamil Nadu would draw an investment of Rs 24 billion, and would have an initial production capacity of 2 million vehicles annually. The company has plans to sell these vehicles directly to buyers as well as use them in shared mobility.

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