Ola group to invest ₹7,614 cr in Tamil Nadu for lithium ion cell, EV cars
Ola Electric Mobility Pvt Ltd., the manufacturer of electric vehicles (EVs), and the Tamil Nadu government have signed a Memorandum of Understanding (MoU) to spend Rs. 7,614 crore in the state's production of EVs and lithium ion cells. The Ola Electric Mobility group companies, Ola Cell Technologies Pvt Ltd and Ola Electric Technologies Private Ltd, would build a plant for lithium ion batteries