India’s ride-hailing company Ola announced on Thursday that it has started the construction of the world’s largest two-wheeler mega-factory on its 500-acre site with the aim to operationalise the factory soon. This has opened opportunities in many ways including job creation.
The company announced a Rs 2,400 crore MoU with the Tamil Nadu government in December 2020 completed land acquisition in January this year. An estimated more than 10 million man-hours have been planned to bring the factory up in record time, with the first phase becoming operational in the coming months.
“We are racing ahead to operationalise its factory in the next few months and the first phase of production will begin in months,” the company said in a statement.
Unemployment has increased everywhere, Individuals are struggling to find jobs post-pandemic. And, the commencement of this factory will create a boon for many Indians as it is expected to create 10,000 jobs in phase one.
The factory will incorporate Industry 4.0 principles and will be powered by Ola’s own proprietary AI Engine and tech stack that will be deeply integrated into all its systems. The factory will have an initial capacity of 2M units which indicates how much manpower will be needed in various departments.
Ola’s mega-factory which is said to have an initial capacity of 2 million units, aims to deliver it in a year in phase 1 and will serve as the company’s global manufacturing hub for its range of electric-powered scooters and two-wheelers across India and international markets including Europe, UK, Latin America, Asia Pacific, Australia, and New Zealand.
The factory is also expected to be the country’s most automated, with about 5,000 robots and automated guided vehicles in use once it is operational to its full capacity. The company has already brought on board global partners and suppliers as it works towards getting its factory, billed to be the world’s largest scooter factory, operational in the coming months.
