Ride-hailing giant Ola to invest $326m to set up EV manufacturing plant in India

Photo: Reuters

Mobility services provider Ola on Monday said it will set up its first electric vehicle (EV) manufacturing plant in Tamil Nadu and will invest 2,400 crore to power its new business vertical that aims to sell green vehicle technologies in India and other markets world-wide.

The plant will create around 10,000 jobs, the company said.

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