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India

Ola Electric, India, completes INR 53 billion investment cycle, rules out new Gigafactory capex

On February 13, Ola Electric said its heavy capex phase is largely complete after investing about INR 53 billion over the past few years in manufacturing, battery innovation, and R&D, creating vertically integrated capacity across motors, batteries, cells, electronics, and software. Management indicated that by March....

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