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<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Background</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The factory is being called ‘Ola FutureFactory’ and will be operational by 2022. Once completed, it will be the world’s largest two-wheeler factory.</span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Details</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The factory will produce a two-wheeler vehicle every 2 seconds. This will give an annual output of 10 million vehicles. This will amount to about 20% of global production.</span></span></p>
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<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The factory will become the company’s global manufacturing hub for its electric-powered scooters. These scooters will be launched soon.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The factory will supply two-wheelers to India and international markets such as UK, Europe, Latin America, Australia and New Zealand.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Ola is planning to ensure conservation of the greenery in the area by preserving and growing the trees on site.</span></span></p>
</li>
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<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Employment generation</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The factory is expected to generate 10,000 jobs through this factory. It will bring Industry 4.0 principles, and will be having AI Engine and tech stack deeply integrated into all its systems.</span></span></p>
</li>
<li>
<p><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">The factory will be having high automation through robots, automated guided vehicles when it will be at the peak of its capacity.</span></span></p>
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<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Background</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The factory is being called ‘Ola FutureFactory’ and will be operational by 2022. Once completed, it will be the world’s largest two-wheeler factory.</span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Details</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The factory will produce a two-wheeler vehicle every 2 seconds. This will give an annual output of 10 million vehicles. This will amount to about 20% of global production.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The factory will become the company’s global manufacturing hub for its electric-powered scooters. These scooters will be launched soon.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The factory will supply two-wheelers to India and international markets such as UK, Europe, Latin America, Australia and New Zealand.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Ola is planning to ensure conservation of the greenery in the area by preserving and growing the trees on site.</span></span></p>
</li>
</ul>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Employment generation</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The factory is expected to generate 10,000 jobs through this factory. It will bring Industry 4.0 principles, and will be having AI Engine and tech stack deeply integrated into all its systems.</span></span></p>
</li>
<li>
<p><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">The factory will be having high automation through robots, automated guided vehicles when it will be at the peak of its capacity.</span></span></p>
</li>
</ul>
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