Ola is looking to invest and increase their electric vehicles business and to make that happen they are firing around 1000 employees.
Highlight
- Ola firing 1000 employees to boost their EV business.
- Ola is looking to expand their EV business.
- Ola recently is hiring for EV business that’s why they are laying off other business employees.
- Earlier they were going to lay off around 500 employees.
Ola is going to let off 1000 employees to increase their business in EV business. Ola is trying to ramp up its electric vehicles business by investing heavily in it.
Earlier it was established that they will fire around 500 employees but presently it was announced that they will fire around 1000 employees.
Ola is investing heavily into the EV market as Electric is the future. Ola wants to be ahead or keep up with modern-day technology.
Ola’s EV business is getting more and more attention as they are hiring for that business but they are firing people from their other businesses.
They are hiring across all aspects of business-like mobility, fintech and many more.
“Ola is asking people to resign voluntarily who are marked to be laid off in few months or weeks” reported some employees.
Ola is going to establish their EV Hub in Bangalore which will cost around $500 million. They will make a facility where they will make advanced battery cells for EV vehicles.
To read more about the Ola EV hub in Bangalore. Click here.
Ola’s investment in the EV business is making waves as they are making facilities in Bangalore, firing off people from their other businesses.
Ola is planning to hire around 800 people only for cars alone and more for their EV facilities and development.
Ola Electric has confirmed that they have signed a contract with the Centre’s production-linked incentive (PLI) to make advanced cells in India.
India is looking to take more initiative to make Indian electric mobility companies, which will make India take a leap in technology.
Ola is one of those companies under the Indian government schemes to take advanced initiative in India.
