The Indian Wire » Business » Ola Futurefactory will be run ENTIRELY by women, 10,000+ at full scale: CEO Bhavesh Aggarwal
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Ola Futurefactory will be run ENTIRELY by women, 10,000+ at full scale: CEO Bhavesh Aggarwal

Ola Futurefactory will be run ENTIRELY by women, 10,000+ at full scale: CEO Bhavesh Aggarwal

Ola Futurefactory has employed over 10,000 women to run the automobile factory at full capacity, read the blog post of the company published on Monday.

Chief executive Bhavish Aggarwal took to Twitter and shared an impressive video of the all-women team. The caption of the tweet reads- “Aatmanirbhar Bharat requires Aatmanirbhar women!”  ( Self-dependent India Need Self-dependent women)

“Proud to share that the Ola Futurefactory will be run ENTIRELY by women, 10,000+ at full scale! It’ll be the largest all-women factory in the world!!”

Ola cabs co-founder and Ola CEO Bhavish Agarwal claimed that the 10,000+ women workforce in the factory makes Ola “the world’s largest women-only factory and the only all-women automotive manufacturing facility”.

He said in the blog post that the company is continuously training and upskilling the women workforce in core manufacturing skills since they will be entirely responsible for the production of every vehicle manufactured at Ola Futurefactory.

“This is the first in a series of initiatives we are undertaking at Ola to create a more inclusive workforce and provide economic opportunities for women across the board. We have invested significantly to train and upskill them in core manufacturing skills, and they will be responsible for the entire production of every vehicle manufactured at Ola FutureFactory,” said Aggarwal.

The ride-hailing company has been aggressively promoting electronic two-wheelers and last year it announced a ₹2,400 crore investment to set up what it calls a FutureFactory.

In the first phase, the factory built an annual production capacity of 1 million units, gradually doubling to 2 million if demand grows. It is expected to have an annual capacity of 10 million units, according to Ola.

Ola Futurefactory envisions the world to have a carbon-negative footprint and an inclusive workforce. Besides, the company claims to be highly automated. The company’s website claims to be the most sustainable two-wheeler factory built over 500 acres of the total land with 100 acres of forest cover. It has an annual production capacity of 10 million two-wheelers. Also, the company has over 3,000 robots powered by artificial intelligence (AI).

“Women-run factories are becoming common, especially in the manufacturing of two-wheeled EVs. Women are more adaptable in the EV manufacturing sector than men,” said Piyush Chowdhary, analyst—smart mobility, CyberMedia Research (CMR) to the leading publication- Mint.

“An EV typically contains only 20 moving parts, compared to 2,000 for an equivalent internal combustion engine (ICE) vehicle. As such, automation of EV manufacturing processes is comparatively easier in comparison to ICE vehicles,” said Chowdhary.

 Ola Electric is coming up with Ola S1which purchase is beginning from September 15, 2021, and delivery will happen in October. The starting range of the vehicle has been decided at Rs 99,999. 

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Harshita Sharma

A financial news enthusiast and a keen observer of the stock market, I bring to you all the updates from the world of business and finance. So, check out my posts and stay tuned with the major (informational) happenings.

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