Tag: battery localisation India

India: Ola Electric board approves INR 2,000 crore investment in EV, cell units

May 16, 2026

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by

Prerana Rout

in Lead, Non Ferrous

Ola Electric Mobility’s board approved an INR 2,000 crore capital infusion into its wholly owned subsidiaries Ola Electric Technologies (OET) and Ola Cell Technologies (OCT) to strengthen its EV and battery manufacturing ecosystem amid rising competition and India’s localisation push. The company will invest INR 1,500 crore in OET and INR 500 crore in OCT…