World’s most renowned Ola Electric Company to soon become a part of electric car manufacturing and sales. Not only Telangana, but other states in India like Gujarat, Karnataka, Maharashtra, Tamilnadu, and Uttar Pradesh are also coming forward to take up this epic project with an investment of around Rs 10,000 crore.
To erect this immense project, approximately, 1000 acres of land should be owned. But the company will take a unanimous decision about the location of the company by the next month. The company also hopes to create history in the Indian electric vehicle market along the lines of the reputed company Tesla in the US.
Within 2-3 years, Ola Electric will introduce battery-powered cars, and currently, it is expected to choose a location as early as possible. An electric two-wheeler plant has already been instituted by Ola Electric on five hundred acres at Krishnagiri in Tamilnadu. Regarding 4-wheelers, the company is looking to create a similar trend and also sophisticated some models and designs, which are yet to be disclosed.