Ola Electric, under the leadership of CEO Bhavish Aggarwal, has announced the commencement of construction at its battery cell gigafactory in Krishnagiri, Tamil Nadu. This state-of-the-art facility is expected to be one of the largest and most advanced cell manufacturing plants in India, boasting a production capacity of 10 gigawatt-hours per year.
Aggarwal shared the news on Twitter, expressing his enthusiasm for the project. He stated, “Work started and moving along at full speed on our cell gigafactory! It will be India’s biggest and one of the world’s biggest cell factories. And the centrepiece for #endICEage!”
- Advertisement -
The primary objective of the upcoming Ola Electric factory is to produce battery cells for electric vehicles (EVs) and other battery solutions. As India currently lacks a domestic battery cell manufacturing facility, this venture will significantly reduce the country’s dependence on global suppliers and alleviate supply chain constraints.
The Indian government has been actively promoting electric mobility and has introduced incentives through the PLI (Production Linked Incentive) scheme. Ola Electric’s battery cell gigafactory aligns with this vision for a sustainable future. Additionally, there are reports that Reliance Industries is also planning to establish its own battery manufacturing factory in India.