Chennai |Ola Electric’s CEO, Bhavish Aggarwal, announced at the Tamil Nadu Global Investor Meet (GIM) that the new EV hub in Krishnagiri district, Tamil Nadu, has the potential to employ 25,000 workers when fully operational. The EV hub, spread across 2000 acres, is expected to be operational by February 2024.
Aggarwal emphasized the significance of the EV hub, stating, “At full scale, our EV hub will have a 25,000 strong workforce, and together we will make Tamil Nadu and India the global epicenter for EVs.”
He also highlighted the rapid progress, mentioning, “We were able to set up one of India’s largest two-wheeler manufacturing facilities, the future factory, in just eight months in Tamil Nadu. The EV hub will be operational next month, making it production-ready in record time.”
In June 2023, Ola Electric had announced plans for the EV hub, including the Ola Future Factory for EV manufacturing and a gigafactory, with a total capacity of 100 GwH at full scale, making it India’s first gigafactory.
The Tamil Nadu Global Investors Meet is a two-day event that commenced on January 7 at Chennai Trade Centre, featuring nine partner countries and over 30 participating nations.
Last year, Ola Electric signed an MoU with the Government of Tamil Nadu, committing to invest over Rs 7,000 crores in the state. Aggarwal reiterated their commitment to building world-class EV manufacturing and expressed their pride in being part of Tamil Nadu’s growth story.