Okinawa to set up plant in Rajasthan at Rs 200 crore investment

Okinawa to set up plant in Rajasthan at Rs 200 crore investment
Okinawa Autotech has decided to invest Rs 200 crore to set up a second manufacturing plant in Rajasthan. 

The first phase of the plant will be commissioned towards the beginning of 2020-21. The plant will be funded through a mix of debt and internal accruals, said the company.

The Gurgaon-based electric two-wheeler manufacturer has acquired land near Bhiwadi for the new plant, which will have a total manufacturing capacity of one million units.

Jeetender Sharma, founder, Okinawa Autotech, said, “We expect the market for electric two-wheelers and three-wheelers to grow to 7-8 million units by 2022. We want to gain leadership position in the electric two-wheeler segment and will be ready with the required products, technology and capacity for the same.”Okinawa Scooters reported revenue of Rs 200 crore for 2018-19.

Image Credit : okinawascooters.com

Related Project : Rs.2000 Million New Two Wheeler Mfg. Plant in Alwar, Rajasthan

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