Okinawa Autotech Investing Rs 70 Crore In Components Unit At Raj Plant

- Advertisement -
- Advertisement -
  • Jeetender Sharma, founder & managing director of Okinawa said that this move makes Okinawa the first electric two-wheeler maker to have own assembly line for motors and controls, the two key components in an EV after the battery
  • He said with own motors and controls, its localisation will be near 100 per cent as already its local sourcing is over 92 per cent

Okinawa Autotech is setting up a plant to manufacture motors and controls for its scooters at its upcoming 5-lakh units per annum plant at Alwar in Rajasthan which is scheduled for commissioning late next month or early June. Jeetender Sharma, founder & managing director of Okinawa said that this move makes Okinawa the first electric two-wheeler maker to have own assembly line for motors and controls, the two key components in an EV after the battery, which it is already manufacturing at its Bhiwadi plant. It has sold over 75,000 e-scooters so far since launch in 2015, and has a portfolio of six models.

Sharma said that the company is setting up a motor and control manufacturing unit at the upcoming facility in Alwar at an investment of around Rs 70 crore. This will make it the first and the only EV two-wheeler manufacturer to have own motor and control unit in the country. He said with own motors and controls, its localisation will be near 100 per cent as already its local sourcing is over 92 per cent.

200-crore new plant in Alwar will have an annual capacity of 5 lakh units

- Advertisement -

He said the Rs 200-crore new plant in Alwar will have an annual capacity of 5 lakh units when fully built, and the first phase, ready for opening by late May or early June, can roll out around 3 lakh units. Sharma said the current plant at Bhiwadi can roll out 90,000 units a year in two shifts, but is running only one shift now, he said, adding in the year to March, they’ve sold 32,000 scooters, up from 31,000 units in FY20.

He also said that in two years, they will have at least two bikes, and the first bike will be rolled out by the end of this financial year as Oki 100. Sharma is expecting to sell at least 1 lakh units this fiscal, for which he is also nearly doubling the dealership count to 500 by adding 200 more, most of which will be small towns.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

“Our Goal is to Offer 1000 To 1500 Varieties, With Volumes Ranging From 10000...

0
During a chat with Nitisha Dubey from EFY, Mohammed Iqbal, CEO of Technomake Electronics Pvt Ltd, talks about PCB assembly and major customer focus...

India, China Grow Amid First Global Cellular IoT Module Shipments Annual Decline

0
Several companies started local manufacturing in India. 4G Cat 1 bis emerged as the fastest-growing segment. Around 12% of the modules shipped in...

“More Chargers Provide Security And Confidence To Customers, Encouraging EV Adoption”

0
With an agenda to transform the EV industry, EarthtronEV has established 250+ charging stations on major highways across India. The company aims to interconnect...

Buzz

TSMC

SmartSoC To Provide Chip Design Services Through TSMC’s Design Alliance

0
SmartSoC solutions will provide chip design services and system-level solutions, making it easier for customers to adopt TSMC's technology. Chip design services provider SmartSoC Solutions...

Montra Electric Boosts Amritsar’s Green Mobility with RAAHI Project

0
The initiative is a component of the City Investments to Innovate, Integrate, and Sustain (CITIIS) program, which falls under the auspices of the Ministry...

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...

Important Sectors

Microchip Technology Expands TrustFLEX Family With CEC1736 Real-Time Platform Root Of Trust Devices

0
TrustFLEX devices along with the Trust Platform Design Suite tool will simplify the enablement of root of trust from concept to production in wide...
TSMC

SmartSoC To Provide Chip Design Services Through TSMC’s Design Alliance

0
SmartSoC solutions will provide chip design services and system-level solutions, making it easier for customers to adopt TSMC's technology. Chip design services provider SmartSoC Solutions...

India, China Grow Amid First Global Cellular IoT Module Shipments Annual Decline

0
Several companies started local manufacturing in India. 4G Cat 1 bis emerged as the fastest-growing segment. Around 12% of the modules shipped in...

Montra Electric Boosts Amritsar’s Green Mobility with RAAHI Project

0
The initiative is a component of the City Investments to Innovate, Integrate, and Sustain (CITIIS) program, which falls under the auspices of the Ministry...

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...

Manufacturing

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...

JLR To Hire 250 Electrical Technicians For Future EVs

0
These new roles, part of a £15 billion investment, are in addition to 300 positions created last year by the British car maker. Jaguar Land...

Altmin India Partners With WMG To Advance Battery Tech

0
Altmin and WMG will collaborate to strengthen their global battery materials supply chain position by optimizing cathode materials and developing diverse cell designs across...

EVs To Cost Less Than Gas Vehicles by 2027, Says Gartner

0
Gartner predicts a faster decline in production costs compared to battery costs, which represent the most significant expense in an electric vehicle, accounting for...
MG

MG Motor To Set Up Battery Assembly Unit At Halol Facility

0
The company plans to investigate battery cell production in collaboration with external partners. Automaker MG Motor India is actively exploring the possibility of assembling and...