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Ola Electric's Futurefactory wins Five Gold Awards at ICQCC 2024

Posted On: 2024-11-20 18:31:53 (Time Zone: IST)


Ola Electric, India's largest pure-play EV company, has achieved a landmark victory with its all-women workforce at Ola Futurefactory, securing five Gold Awards at the 49th International Convention on Quality Control Circles (ICQCC) held in Sri Lanka in November 2024. Competing against industry peers from 14 countries, this milestone makes Ola Electric the first Indian EV manufacturer to win at this scale - demonstrating leadership in quality, innovation, and operational excellence.

The achievement celebrates the might of Ola Electric's women-led teams from rural backgrounds, who showcased their work at the factory's paint shop, motor shop, general assembly line, battery shop, and welding shop. The projects involved showcasing solutions that contribute to cost efficiencies, quality and safety enhancement as well as productivity enhancement - reflecting the company's focus on inclusivity and sustainability.

Commenting on the accomplishment, an Ola spokesperson said, "This recognition at ICQCC is a testament to our relentless pursuit of excellence with our incredibly talented women at the helm of the EV revolution at our Futurefactory. It reflects our ethos of blending innovation with empowerment, and setting new benchmarks on the operational-heavy automotive shop floors, which are traditionally dominated by men. We are extremely happy to have started this shift in the Indian automotive manufacturing landscape and are committed to bringing more women on the shop floors."

Award-Winning Projects

Five teams representing the paint shop, motor shop, General Assembly Line, battery shop, and weld shop won the Gold Award for the following projects:

Paint Shop: The project involved showcasing innovative optimisation strategies that helped with the reduction of operational costs

Motor Division: The project highlighted our efforts in the enhancement of product competitiveness by reducing the COPQ (Cost of Poor Quality)

General Assembly: The team efficiently accelerated time-to-market by increasing capacity in the Front Fork sub-assembly process

Battery Shop: The focus of this project was to boost battery pack productivity in order to meet the growing customer demands

Weld Shop: This project prioritised improving robotics throughput to enhance operational efficiency and streamline workflows

Ola Futurefactory, located in Krishnagiri, Tamil Nadu, is India's largest integrated and automated electric 2- wheeler manufacturing plant. The facility manufactures best-in-class Ola S1 scooters, including vehicle components like battery packs, motors, and vehicle frames.

Shares of OLA Electric Mobility Limited was last trading in BSE at Rs. 69.27 as compared to the previous close of Rs. 68.94. The total number of shares traded during the day was 2936400 in over 13766 trades.

The stock hit an intraday high of Rs. 71.16 and intraday low of 68.94. The net turnover during the day was Rs. 205834471.00.


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