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Company NameReco DateReco PriceExit PriceExit Date% ReturnIn days
ITC Ltd. 28/12/2023464.20487.5002/01/2025 5.02% 1 yrs
Britannia Industries Ltd. 27/07/20234,875.805,028.2512/11/2024 3.13% 1 yrs
JSW Steel Ltd. 22/02/2024826.951,003.0026/09/2024 21.29% 217 days
Bajaj Auto Ltd. 22/08/20249,910.0011,930.0017/09/2024 20.38% 26 days
Dr. Reddy's Laboratories Ltd. 26/10/20235,429.306,536.0005/07/2024 20.38% 253 days
Shriram Finance Ltd. 25/04/20242,430.102,955.0028/06/2024 21.60% 64 days
Coal India Ltd. 25/01/2024389.50501.6022/05/2024 28.78% 118 days
Infosys Ltd. 27/10/20221,522.601,411.6019/04/2024 -7.29% 1 yrs
State Bank Of India 25/05/2023581.30782.0505/03/2024 34.53% 285 days
The Indian Hotels Company Ltd. 24/08/2023401.85517.9007/02/2024 28.88% 167 days

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Ola partners with ABB India for robotics & automation solutions
Apurva Joshi
/ Categories: Trending, Mindshare

Ola partners with ABB India for robotics & automation solutions

Ola, which is one of the leading mobility companies in the world has selected ABB India Ltd as one of its key partners for robotics and automation solutions for its mega-factory in India that will roll out the much-anticipated Ola electric scooter.  

Ola’s scooter mega-factory, billed to be the world’s largest scooter factory, is expected to be fully-operational in the coming months. 

With an initial annual capacity of 2 million units, Ola’s mega-factory will create 10,000 jobs and serve as the company’s global manufacturing hub for both India and international markets across Europe, UK, Latin America, Australia, and New Zealand. The mega-factory is also expected to be the country’s most automated, with about 5,000 robots and automated guided vehicles in use once the factory is fully-operational. 

Ola will utilise ABB’s automation solutions in its factory’s key manufacturing process lines, including its painting and welding lines, while ABB robots will be deployed extensively for the battery and motor assembly lines. ABB robots will be digitally integrated into Ola’s AI-enabled mega-factory, to optimise robot performance, productivity, and product quality. The use of ABB’s robots & automation solutions will ensure remote digital connectivity and monitoring of the robots that will ride on Ola’s proprietary AI engine and tech stack. 

Ola is India’s largest mobility platform and one of the world’s largest ride-hailing companies, serving 250+ cities across India, Australia, New Zealand, and the UK including key global markets like London and Sydney. Ola app offers mobility solutions by connecting customers to drivers along with a wide range of vehicles across bikes, auto-rickshaws, metered taxis & cabs. 

On Thursday, the stock of ABB India was trading down by 2.7 per cent at Rs 1,405.20 from its previous close of Rs 1,444.55 on BSE. 

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