Electrical two-wheeler producer Okinawa Autotech on Tuesday mentioned it has commenced operations at its second manufacturing unit situated in Bhiwadi, Rajasthan.
The corporate goals to fabricate shut to 3 lakh electrical automobiles per 12 months on the new plant, which is able to ultimately be elevated to a capability of 1 million within the subsequent two-three years — over 5 instances the capability of its present plant situated in Alwar.
The brand new manufacturing facility will even make use of over 250 individuals.
“The market is evolving at a quick tempo, and the ramped-up capability will undoubtedly help us in bolstering the mass transition to e-mobility with a various and modern product portfolio,” mentioned Jeetender Sharma, MD and Founding father of Okinawa Autotech.
The expanded manufacturing capability will allow Okinawa Autotech to not solely meet hovering demand in India but additionally for exports globally.
The corporate will even make investments practically Rs 250 crore within the improvement of its new amenities, and develop the upcoming ingenious merchandise, together with Oki90.
The corporate’s Alwar plant has an annual capability of 1,80,000 models.
The corporate has over 400 centres catering to metros in addition to tier 2, 3 and rural markets.
Okinawa at present faces robust competitors from EV trade gamers resembling Ola, Ather, TVS and others.
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