Why Ola Chose Tamil Nadu Over 5 Other States For Rs. 7,600 Crore Electric Vehicle Deal

The Tamil Nadu government credited its revamped Electric Vehicles Policy for the Rs. 7,614 crore investment.

HiIndia Newsdesk

Chennai: Electric vehicle maker Ola Electric will set up what it says will be the world’s largest electric vehicle hub in Tamil Nadu. Five other states - Karnataka, Andhra Pradesh, Telangana, Gujarat and Uttar Pradesh - were in the race but the investment went in favour of Tamil Nadu.

The Tamil Nadu government credited its revamped Electric Vehicles Policy for the ₹ 7,614 crore investment to manufacture electric cars in Krishnagiri district where it already manufactures electric two-wheelers. State Industries Minister Thangam Thennarasu described the big-ticket investment as a reflection of the industry’s confidence in Tamil Nadu. He explained the state offered the electric vehicle maker the choice of capital or turnover subsidy besides