Okinawa Autotech invests Rs 500 cr to set up its 3rd manufacturing plant in India

Electric two-wheeler manufacturer Okinawa Autotech has announced the launch of its manufacturing plant in Karoli, Rajasthan.

After setting up factories in Alwar and Bhiwadi in recent years, this will be Okinawa’s third factory in Rajasthan. The electric vehicle maker plans to invest Rs 500 crore in the factory which will be spread over 30 acres of land. The plant is expected to start operations from October 2023. It will employ more than 5,000 workers, the company said.

Inspired by robotic automation, the factory will include automatic manufacturing units for batteries and powertrains, as well as a motor and controller factory. In addition, the company will set up automated paint shops for electric two-wheelers while plastic body parts will also be molded by machines.

Okinawa aims to increase production to meet the growing demand for electric two-wheelers in the country. The company offers a range of 7 electric two-wheelers in India and has more than 1,50,000 products on the country’s roads.

Jeetender Sharma, Founder and Managing Director of Okinawa Autotech, said, “The planned R&D facilities at the mega factory will be futuristic to ensure we meet future industry demand. The plant will not only focus on manufacturing vehicles. It will also have a supplier base that will consider motor, controllers, batteries and other electrical parts to support the entire EV ecosystem.



Source link

Denial of responsibility! newsnaveen.online is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – admin@newsnaveen.com. The content will be deleted within 24 hours.

Similar Articles

Most Popular