Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

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.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Padma Shri Award-winning Scientist and Father of Akash Missile, Dr. Prahlada Ramarao, to Advise CMD of Brightcom Group

Torrent Group's Green Hydrogen Plant in Gorakhpur Inaugurated by Shri Yogi Adityanath, Hon'ble Chief Minister of Uttar Pradesh

Alan Scott LearniX Pvt Ltd launches advanced AI-pzowered Education Platform KrishGuru

NITCO Q1 Revenue Surges 114% on Alibaug Deal, Tiles Growth

KEC International wins New Orders of Rs. 1,402 crores

Hindustan Oil Exploration Company Ltd update on Block B-80

Electronics Mart India Ltd opens new Bajaj Electronics store at Srikakulam

Shanmuga Hospital Ltd commissions advanced PH Impedance and Manometry System

Baazar Style Retail Ltd opens new store at Bihpuria

Shree Ajit Pulp and Paper Ltd shuts down plant temporarily

Century Ports Ltd commences commercial operations at its rejuvenated Khidderpore Docks

Meta Infotech Ltd receives order worth Rs. 52.91 lakhs

OnMobile reports strong Q1 FY26 with Double-Digit Growth in Gaming Subscribers and Revenue

Signatureglobal Business Park Ltd acquires 33.47 acres land

EaseMyTrip Board approves 3 acquisitions to Strengthen Strategic Presence

PVR INOX opens 10-screen Megaplex at the Sky City Mall in Borivali East, Mumbai

Hindustan Copper PBT increases by more than 16%

Globe Civil Projects Ltd receives LOA for order worth Rs. 222.19 crores

Weaver Services completes acquisition of Capital India Home Loans after regulatory approval

Affordable Robotic and Automation Limited Reports Year-on-Year Improvement in Q1 FY2026 Performance

Calcom Vision Reports Q1 FY26 PAT at Rs 0.69 Crore, up 138.72% YoY; Revenue from Operations Rises 146.82% YoY to Rs 45.07crore

Nazara Doubles Q1FY26 Revenues to ?498.8 Cr, EBITDA Up 90% to ?47.4 Cr and PAT Increases by 118% to ?51.3 Cr

Arisinfra Solutions achieves record sales for Bodhii Tree Villa Plot Development Near NH-75

HCLTech commemorates the 49th anniversary of HCL Group by planting 49,000 saplings across India

SBI Life launches 'SBI Life - Smart Shield Plus', a future-ready term insurance plan designed for consumer's evolving insurance needs

Neopolitan Pizza and Foods Limited Expands with a New Company-Owned Location at 'THE C Wing Mall,' Una - Gir Gadhda

KIL reports Q1FY 2026 results, consolidated net profit at INR 95 crore

FSN E-Commerce Ventures Ltd to acquire balance 40% stake in Nudge Wellness Pvt Ltd

Piccadily Agro Industries Ld announces Q1 FY2026 results

P N Gadgil Jewellers Limited opens new store at Nashik

Cohance Lifesciences announces ?230 mn investment and progress on cGMP Oligonucleotide Facility at Hyderabad, India

Gland Pharma receives approval for Norepinephrine Bitartrate in 5% Dextrose Injection Bags

KVB inaugurates a new branch in Trichy

Transrail secures fresh orders worth ?701 crore

Firstsource named a 'Star Performer' and a 'Major Contender' in Everest Group's Financial Crime and Compliance (FCC) Operations Services PEAK Matrix® Assessment 2025

Kovilpatti Lakshmi Roller Flour Mills Ltd approves capex in Foods Division

PTC Industries and Kineco Aerospace & Defence announce strategic MoU to Collaborate on Value-Added Aerospace Components & Structures

GP Petroleums Ltd reports Q1 FY 2025-26 Results with PBT of ?8.57 Crores on Revenue of ?168 Crores

MRF announces Q1 FY2025-26 results

MIC Electronics Limited receives BIS certificates

Nibe Ltd receives orders worth Rs. 26.67 crores

RBL Bank Partners with CAMS to Provide Merchant Acquiring Settlement service

Hindustan Zinc becomes the First Indian Company to Join the International Council on Mining and Metals

Neogen Chemicals raises INR 200 crore via NCDs

Mangal Credit and Fincorp Ltd to open new branch at Nathdwara

RMC Switchgears Limited reports Q1 FY2025-26 PBT of ? 12.44 Crores, Maintains Strong Growth Momentum

DroneAcharya Aerial Innovations Ltd secures INR 99.67 Lakh work order from Indian Army for Drone Supply and Advanced Drone Lab Setup

izmo Ltd unveils The Automotive AI Factory

Cohance Lifesciences announces USD 10 mn investment in cGMP Bioconjugation Suite at NJ Bio, Princeton, NJ, U.S. to Accelerate ADC Innovation

Gland Pharma receives approval from USFDA for Cangrelor for Injection 50 mg/vial


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020