New Delhi: Electric two-wheeler producer Okinawa Autotech on Tuesday mentioned it has commenced operations at its second manufacturing unit positioned in Bhiwadi, Rajasthan. The firm goals to fabricate shut to a few lakh electrical autos per 12 months at the brand new plant, which can ultimately be elevated to a capability of 1 million in the subsequent two-three years -- over 5 instances the capability of its present plant positioned in Alwar. The new manufacturing facility may even make use of over 250 folks. Auto Expo 2020: Okinawa Cruiser Maxi Electric Scooter Unveiled; Might Be Launched By Q3 2021.
"The market is evolving at a fast pace, and the ramped-up capacity will undoubtedly aid us in bolstering the mass transition to e-mobility with a diverse and innovative product portfolio," mentioned Jeetender Sharma, MD and Founder 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 firm may even make investments almost Rs 250 crore in the event of its new services, and develop the upcoming ingenious merchandise, together with Oki90. The firm's Alwar plant has an annual capability of 1,80,000 models.
The firm has over 400 centres catering to metros in addition to tier 2, 3 and rural markets. Okinawa at the moment faces robust competitors from EV business gamers reminiscent of Ola, Ather, TVS and others. (The above story first appeared on SociallyKeeda on Feb 15, 2023 11:25 AM IST. For more information and updates on politics, world, sports activities, entertainment and life-style, go browsing to our web site sociallykeeda.com).