Electric two-wheeler manufacturer Okinawa Autotech has started operations at its second manufacturing unit in Bhiwadi, Rajasthan.
The EV vehicle maker aims to manufacture close to three lakh electric vehicles per year at the new plant, which will eventually be increased to a capacity of 1 million in the next two-three years — over five times the capacity of its current plant located in Alwar. The company’s Alwar plant has an annual capacity of 180,000 units.
The new EV manufacturing facility will also employ over 250 people.
“The market is evolving at a fast pace, and the new capacity will aid us in bolstering the mass transition to e-mobility with a diverse and innovative product portfolio,” said Jeetender Sharma, MD and Founder of Okinawa Autotech.
Okinawa Autotech will invest nearly Rs 250 crore in the development of its new facilities, and develop the upcoming ingenious products, including Oki90.
The company has over 400 centres catering to metros as well as tier 2, 3 and rural markets.
Okinawa currently faces tough competition from EV industry players such as Ola, Ather, TVS, Hero Electric, and others.