New Delhi: Electrical two-wheeler producer Okinawa Autotech on Tuesday mentioned it has commenced operations at its second manufacturing unit positioned in Bhiwadi, Rajasthan. The corporate goals to fabricate shut to a few lakh electrical automobiles per yr 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 occasions the capability of its present plant positioned in Alwar. The brand new manufacturing facility may also make use of over 250 folks. Auto Expo 2020: Okinawa Cruiser Maxi Electrical Scooter Unveiled; May 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 Founding father of Okinawa Autotech.
The expanded manufacturing capability will enable Okinawa Autotech to not solely meet hovering demand in India but additionally for exports globally. The corporate may also make investments almost Rs 250 crore within the growth of its new services, and develop the upcoming ingenious merchandise, together with Oki90. The corporate's Alwar plant has an annual capability of 1,80,000 items.
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 business gamers resembling Ola, Ather, TVS and others. (The above story first appeared on SociallyTrend on Feb 15, 2022 11:25 AM IST. For more news and updates on politics, world, sports activities, entertainment and life-style, go browsing to our web site latestly.com).
