Ola is planning to foray into electric scooter manufacturing, switching gears, from being a taxi aggregator to a vehicle manufacturer.
It is in talks with multiple state governments for 100 acre of unencumbered land on which it plans to build the world’s largest e-scooter facility.
Ola’s India manufacturing plan follows its recent purchase of Netherlands-based Etergo, owner of the App Scooter electric brand. Its senior management is in discussions with four Indian states — three from the southern region and another from the western belt to build a two million electric scooter capacity plant.
The Centre as well as the states have been offering incentives to companies in the electric vehicle ecosystem and customers (who can claim an income tax rebate of up to Rs 1.5 lakh on interest paid on an electric vehicle loan) to reduce the country’s dependence on oil and cut down on pollution.