Ola Electric to invest INR 7,600 Cr in TN for EV and cell factories

Ola Electric to invest INR 7,600 Cr in TN for EV and cell factories.

Ola Electric, a company led by Bhavish Aggrawal, has announced plans to invest slightly more than INR 7,600 Crores in the next five years to establish manufacturing plants in Tamil Nadu.

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This decision follows the signing of a Memorandum of Understanding (MoU) with the Tamil Nadu government, as reported by ET.

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This move will help the company to expand its EV manufacturing capabilities and compete in the growing Indian market.

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