Okinawa Autotech has decided to invest Rs 200 crore to set up a new manufacturing unit with an annual capacity of one million units.
With this, the electric scooter maker prepares to meet increased demand following implementation of FAME II scheme.
Okinawa Autotech Pvt Ltd Founder and Managing Director Jeetender Sharma was quoted as saying by PTI: “As on today our capacity in a single shift is 90,000 units per year. If the market demand grows we can increase it to 1.8 lakh units in double shift. We are also working on a new facility. Our new plant will be operational by the end of this fiscal year.”
The new manufacturing facility at Alwar in Rajasthan is being set up in a staggered manner with 5 lakh units per annum capacity to be ready by the end of this fiscal to add to the existing volume of 90,000 units a year. It will have a total installed capacity of up to one million vehicles annually and that would be increased in a phased manner.
Image Credit : okinawascooters.com