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in Tech

Why Ola Electric Is Set to Invest $900 Million in Tamil Nadu

by Editor February 19, 2023, 10:25 pm 1.8k Views

Ola Electric to Invest $920 Million in Tamil Nadu to Manufacture Electric Cars, Batteries: Details

SoftBank Group-backed Ola Electric would invest $920 million (roughly Rs. 7,600 crore) in the southern Indian state of Tamil Nadu to manufacture electric cars and batteries for electric vehicles (EVs), a state government statement said on Saturday.

Ola will invest $920 million (roughly Rs. 7,600 crore) through its subsidiaries Ola Electric Technologies and Ola Cell Technologies, drawn to the growing demand for EVs in…

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