NEW DELHI (Reuters) - Indian ride-hailing firm Ola, backed by Japan's SoftBank Group, said on Monday it planned to invest 24 billion rupees ($326 million) to set up a factory in the southern state of Tamil Nadu to produce electric scooters.
The plant will have an initial annual capacity to produce two million scooters and will create nearly 10,000 jobs, Ola said in a statement, as it gears up to launch electric scooters in the coming months.
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