Ola partners with ABB India for robotics & automation solutions

Apurva Joshi
/ Categories: Trending, Mindshare
Ola partners with ABB India for robotics & automation solutions

Ola, which is one of the leading mobility companies in the world has selected ABB India Ltd as one of its key partners for robotics and automation solutions for its mega-factory in India that will roll out the much-anticipated Ola electric scooter.  

Ola’s scooter mega-factory, billed to be the world’s largest scooter factory, is expected to be fully-operational in the coming months. 

With an initial annual capacity of 2 million units, Ola’s mega-factory will create 10,000 jobs and serve as the company’s global manufacturing hub for both India and international markets across Europe, UK, Latin America, Australia, and New Zealand. The mega-factory is also expected to be the country’s most automated, with about 5,000 robots and automated guided vehicles in use once the factory is fully-operational. 

Ola will utilise ABB’s automation solutions in its factory’s key manufacturing process lines, including its painting and welding lines, while ABB robots will be deployed extensively for the battery and motor assembly lines. ABB robots will be digitally integrated into Ola’s AI-enabled mega-factory, to optimise robot performance, productivity, and product quality. The use of ABB’s robots & automation solutions will ensure remote digital connectivity and monitoring of the robots that will ride on Ola’s proprietary AI engine and tech stack. 

Ola is India’s largest mobility platform and one of the world’s largest ride-hailing companies, serving 250+ cities across India, Australia, New Zealand, and the UK including key global markets like London and Sydney. Ola app offers mobility solutions by connecting customers to drivers along with a wide range of vehicles across bikes, auto-rickshaws, metered taxis & cabs. 

On Thursday, the stock of ABB India was trading down by 2.7 per cent at Rs 1,405.20 from its previous close of Rs 1,444.55 on BSE. 

Rate this article:
4.8

Leave a comment

Add comment

DSIJ MINDSHARE

Mkt Commentary19-Apr, 2024

IPO Analysis19-Apr, 2024

Multibaggers19-Apr, 2024

Mindshare19-Apr, 2024

Mindshare19-Apr, 2024

Knowledge

Technical19-Apr, 2024

General18-Apr, 2024

Technical18-Apr, 2024

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR