Ola to invest USD920 million in India to develop EVs and batteries


Ola plans to ramp up production and make 140,000 cars annually

Ola Electric is set to invest INR76.14 billion (USD920 million) in the southern Indian state of Tamil Nadu to manufacture electric cars and batteries for electric vehicles (EVs), Reuters reported on 18 February, citing a statement from the state government.

Thank you for visiting S&P Global AutoTechInsight.

*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload preload