Ola Electric to build the world’s largest E-scooter factory in Bangalore | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
June 13, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, JUNE 13, 2025
Ola Electric to build the world’s largest E-scooter factory in Bangalore

Global Economy

TBS Report
08 March, 2021, 04:25 pm
Last modified: 08 March, 2021, 04:29 pm

Related News

  • Air India plane crash: Dr couple's plan for brighter future burnt to ashes
  • 'Goodbye…': British passenger's last Instagram post before boarding Air India flight that crashed
  • In Photos: The fatal Air India crash and the aftermath
  • From Ahmedabad’s crash site, stories of horror, panic and a narrow escape
  • Deadly civilian plane crashes in India over the decades

Ola Electric to build the world’s largest E-scooter factory in Bangalore

The founder envisions pitching the world's largest electric scooter plant on Bangalore's outskirts within the next 12 weeks

TBS Report
08 March, 2021, 04:25 pm
Last modified: 08 March, 2021, 04:29 pm
Ola is getting into the market just as the core business of ride-hailing slows during the pandemic. Photo: Bloomberg
Ola is getting into the market just as the core business of ride-hailing slows during the pandemic. Photo: Bloomberg

Ola Electric Mobility Pvt Ltd is building an e-scooter factory occupying 500 acres of land in Tamil Nadu's Krishnagiri district, making it the largest two-wheeler maker in the world.  

From a ride-sharing company to an EV manufacturing franchise, the high-profile entrepreneur Bhavish Aggarwal has established his stand in the uproaring electric vehicle industry with a view to assembling a full line-up of electric cars in a boost for Prime Minister Narendra Modi's Make in India' and sustainable mobility ambitions. 

The founder envisions pitching the world's largest electric scooter plant on Bangalore's outskirts within the next 12 weeks. The company's initial plan is to produce 2 million e-scooters in its first phase, to be retailed in India and exported, reports Bloomberg.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Ola Electric Mobility Pvt hopes to make 10 million vehicles annually or 15% of the world's e-scooters by the summer of 2022. That would be one scooter rolling out every two seconds after the plant expands next year. 

It will not be easy for the EV makers to compete with the fume-erupting scooters and motorcycles since these are likely more popular among the Indians for their comparatively low cost as locals have to spend twice the price of a regular scooter for an electric version. But the country is now pushing electric vehicles and self-reliance in battery technologies that could underpin a USD206 billion EV market in 10 years, according to the think-tank CEEW Centre for Energy Finance.

This USD330 million mega-factory empathises on selling affordable two-, three- and four-wheelers for urban rides. For this, they have to fend off competition from not just local rivals Hero MotoCorp and Bajaj Auto, but also forerunners like Ather Energy and Chinese brands including Niu Technologies.

To catch up with the running market in India, Ola will have to consider the affordability of EVs. So to keep costs in check, it is designing, engineering, and manufacturing its own battery pack, motor, vehicle computer and software. Inspired by Tesla, Agarwal wants to keep costs down by building its own power cells. They are working on charging solutions and battery-swapping stations too.

The price of e-scooters yet to be disclosed. Though it is informed that their product would compete with traditional scooters going for about USD1,000 apiece.

The integrated manufacturing plant will have 10 assembly lines, 3,000 robots and around 10,000 workers. The factory's roof will be covered with solar panels and be carbon negative. Each e-scooter will have two removable batteries and the company is building a charging network.

Ola Electric is Aggarwal's second manoeuvre. Some 10 years ago he pioneered the country's most demanding ride-sharing agency which took on Uber Technologies Inc, expanding across 200 cities before heading overseas to the UK, Australia, and New Zealand. Then the company's second approach- SoftBank-backed Ola Electric, set up in 2017, became a billion-dollar company.

Top News / World+Biz / South Asia

ola / factory / India / Scooter

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Infographics: TBS
    Lengthy legal road ahead to repatriate Saifuzzaman's wealth from UK
  • From fact-checker to fact-checked: CA Press Wing’s turn in the hot seat
    From fact-checker to fact-checked: CA Press Wing’s turn in the hot seat
  • Wreckage of a Boeing 787 Dreamliner showing part of its registration "VT-ANB" in Ahmedabad, India, June 12, 2025. REUTERS/Amit Dave
    Air India Dreamliner crashes into Ahmedabad college hostel, kills over 290

MOST VIEWED

  • Keir Starmer declines to meet CA Yunus: FT report
    Keir Starmer declines to meet CA Yunus: FT report
  • Wreckage of a Boeing 787 Dreamliner showing part of its registration "VT-ANB" in Ahmedabad, India, June 12, 2025. REUTERS/Amit Dave
    Air India Dreamliner crashes into Ahmedabad college hostel, kills over 290
  • Saifuzzaman Chowdhury. Photo: Collected
    UK crime agency now freezes assets of ex-land minister Saifuzzaman: AJ
  • File Photo of Chief Adviser Muhammad Yunus: UNB
    Prof Yunus to receive Harmony Award from King Charles today
  • Infofgraphics: TBS
    DGHS issues 11-point directive to prevent spread of Covid-19 in Bangladesh
  • Bangladesh Bank Governor Ahsan H Mansur. TBS Sketch
    Bangladesh mulls settlements with tycoons over offshore wealth: BB governor tells FT

Related News

  • Air India plane crash: Dr couple's plan for brighter future burnt to ashes
  • 'Goodbye…': British passenger's last Instagram post before boarding Air India flight that crashed
  • In Photos: The fatal Air India crash and the aftermath
  • From Ahmedabad’s crash site, stories of horror, panic and a narrow escape
  • Deadly civilian plane crashes in India over the decades

Features

Among pet birds in the country, lovebirds are the most common, and they are also the most numerous in the haat. Photo: Junayet Rashel

Where feathers meet fortune: How a small pigeon stall became Dhaka’s premiere bird market

1d | Panorama
Illustration: Duniya Jahan/ TBS

Forget Katy Perry, here’s Bangladesh’s Ruthba Yasmin shooting for the moon

2d | Features
File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar

Dhaka: The city we never want to return to, but always do

3d | Features
Photo collage shows political posters in Bagerhat. Photos: Jannatul Naym Pieal

From Sheikh Dynasty to sibling rivalry: Bagerhat signals a turning tide in local politics

5d | Bangladesh

More Videos from TBS

Banks' estimates were wrong: Bangladesh Bank spokesperson

Banks' estimates were wrong: Bangladesh Bank spokesperson

5h | Podcast
What exactly happened to the ill-fated Boeing aircraft?

What exactly happened to the ill-fated Boeing aircraft?

7h | TBS World
Govt to set up Debt Office as loan burden to hit Tk29 lakh cr by FY28

Govt to set up Debt Office as loan burden to hit Tk29 lakh cr by FY28

7h | TBS Insight
Curfew imposed for second night in Los Angeles

Curfew imposed for second night in Los Angeles

8h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net