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Ola partners Siemens for EV facility

Cab service Ola has partnered with Siemens to build its upcoming electric vehicle manufacturing facility.

The scooter manufacturing unit was announced as a part of Ola’s memorandum of understanding with the Tamil Nadu government signed last month to invest Rs 2,400 crore towards building the facility.

The factory will generate almost 10,000 jobs and with an initial capacity of 2 million units a year, it will be the largest scooter manufacturing facility in the world.

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