Ola Electric is in discussions with several global and domestic automakers to supply lithium-ion battery cells and battery packs from its Krishnagiri gigafactory, marking a major strategic expansion beyond its core electric two-wheeler business. The move positions the company to become a key player in the broader electric vehicle and energy storage supply chain.
The company currently operates India’s only commercially functioning gigafactory with 6 GWh of installed battery cell manufacturing capacity. Through its subsidiary, Ola Cell Technologies, it has successfully deployed its indigenous 4680-format Bharat Cell at scale, making it one of the few companies globally to commercialize this advanced battery technology.
Ola plans to significantly expand its manufacturing capacity to 12 GWh by 2027 and 20 GWh by FY28. Approximately one-third of this future capacity, around 6.5 GWh, is expected to be allocated for third-party automotive customers. Potential customers are currently evaluating Ola’s manufacturing capabilities before entering into long-term supply agreements.
The initiative reflects Ola Electric’s ambition to become a major battery technology and manufacturing company, serving not only its own EV products but also external automakers, energy storage providers, and industrial customers. The company has already invested more than ₹5,300 crore in battery technology, manufacturing infrastructure, and R&D to support this vision.
Why This Matters
• Positions India as a growing hub for advanced battery cell manufacturing
• Expands Ola Electric from an EV maker into a battery technology supplier
• Strengthens India’s battery supply chain and reduces dependence on imports
• Creates new revenue opportunities through global OEM partnerships
• Supports the rapid growth of EVs and energy storage solutions worldwide
• Demonstrates increasing maturity of India’s indigenous battery technology ecosystem
• Reinforces the strategic importance of gigafactories in the global EV transition