Ola Electric Ltd is in discussions with multiple global and domestic automakers to supply lithium-ion cells and battery packs from its Krishnagiri gigafactory, as the company seeks to expand its battery business beyond internal demand from its electric scooter operations.
According to people familiar with the matter, the Bengaluru-based EV maker is exploring third-party commercial agreements as part of a broader strategy to position itself as a supplier within India’s growing electric mobility and energy storage ecosystem. Several original equipment manufacturers (OEMs) are reportedly evaluating Ola Electric’s manufacturing capabilities before committing to long-term supply contracts.
The company is simultaneously scaling up its cell manufacturing capacity. Installed production is projected to increase to 12 GWh by July 2027, with a further expansion to 20 GWh by the end of fiscal year 2028, reflecting Ola Electric’s ambition to become a significant domestic battery manufacturer at scale.
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Of the planned 20 GWh capacity, around one-third—approximately 6.5 GWh—is expected to be allocated for third-party sales to automotive OEMs. If finalized, such agreements would represent a strategic shift for Ola Electric’s battery business, moving it beyond captive consumption and into a broader supplier role in India’s EV value chain.
The company’s battery expansion also aligns with its earlier push into energy storage through its Ola Shakti home energy system, launched in October 2025, with deliveries beginning in January 2026. Ola Electric has indicated that annual demand from this product line alone could reach up to 5 GWh over the coming years, further supporting its large-scale manufacturing plans.
The developments come against the backdrop of slow progress under India’s Production Linked Incentive (PLI) scheme for Advanced Chemistry Cells. As of October 2025, only 1.4 GWh of the targeted 50 GWh capacity had been commissioned, with Ola Electric accounting for the entirety of the operational output, underscoring India’s continued heavy reliance on imported battery cells.
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