Categories: State News

Ola to set up world’s largest scooter factory in Tamil Nadu

The SoftBank-backed mobility platform, Ola has signed a Memorandum of Understanding (MoU) with the Tamil Nadu government, to set up its first factory in the state, at an investment of Rs 2,400 crore. Upon completion, the Ola factory in Tamil Nadu will be the largest scooter manufacturing facility in the world. Initially, the factory will have an annual manufacturing capacity of 2 million units.

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The factory is in line with Prime Minister Narendra Modi’s vision of an AtmaNirbhar Bharat and will make India a manufacturing hub for two-wheeled electric vehicles. The new factory will also reduce the dependence of India on import of electric vehicles, boost local manufacturing, create jobs and also improve the technical expertise in the country.

Important takeaways for all competitive exams:

Tamil Nadu Capital: Chennai.
Tamil Nadu Chief Minister: Edappadi K. Palaniswami.
Tamil Nadu Governor: Banwarilal Purohit.
Tamil Nadu State Dance: Bharathanatyam.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.