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Yes, it is true! Okinawa is all set to invest Rs. 150 crores to establish a new manufacturing unit in Rajasthan. Rajasthan seems to be the vital centre of EV units in India, and the government is committed to various incentives to elevate and promote the electric sector in the state.
Rajiv Arora, president of the Federation of Rajasthan Exporters, encouraged the government to offer a suitable location to the automobile makers and special incentives packages to attract them. He also added that as per the reports of RIICO about 17,250 acres of land are currently opened for industrial set-ups across Rajasthan. Therefore will be happy to welcome the automobile makers according to their convenient locations.
Okinawa Autotech Pvt. Ltd is a 100% Indian electric two-wheeler manufacturer founded in 2015 with the goal of developing two-wheelers that would propel our present and future generations toward a more sustainable future.
As per the official news, Okinawa is planning to invest Rs. 150 crores in establishing up a new manufacturing unit in Rajasthan and slide out with new products as it sets a target of selling 1 lakh units in the upcoming year.
“We are coming up with a new facility and new products. The total investment in the upcoming year will be around Rs. 150 crores.” Okinawa Autotech Founder and Managing DirectorJeetender Sharma conveyed to PTI. The new unit will be near the organization’s existing plant in Rajasthan. “The new facility will have an annual scope of 5-6 lakh units in the early phase and can go up to 10 lakh units in future”, Sharma said.
Last week, Okinawa Autotech has unleashed its Okinawa Dual. It is a 250 Watt electric motor with a 55 Ah, 48W detachable Li-ion battery with a driving range of 130km per charge. Its maximum speed of 25kmph.
Also, Sharma conveyed that the prevailing Covid -19 pandemic has expedited the rise of e-commerce and home stretch deliveries. It has become crucial for businesses in the delivery segment to unveil, reduce operational costs, and increase efficiency. Well, Okinawa Dual will achieve that need. The organization would be likely to launch its high-speed motorcycle OKI100 in the earlier phase of this year. On the sales front, Sharma conveyed Okinawa Autotech would close in on cumulative sales of nearly 1 lakh units by the end of the year.
“In FY 21-22, after all, whatever we have done so far, we would be focusing on the expansion of sales with the incoming two-three new models. The company is likely to estimate the sales around 1 lakh units by next year,” Sharma said. Of the total, the B2B fragment would be considering for around 20%.
Sharma also conveyed that according to the BS-VI emission norms, prices for conventional automobiles have gone up. Hence, reducing the distance with electric parts, and Okinawa has been focusing on the clash of being cost-competitive.
“We have more than 92% fixture till date. In the upcoming quarter, we would be reaching 100%,” Sharma added. However, the cells of the battery, which are coming from outside of the organization have a dedicated supplier in India supplying the battery packs.
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