Hyderabad: Gurugram-based Okinawa Autotech, an electric two-wheeler manufacturing company is gearing up with its next phase of expansion. The company is setting up a new plant in Bhiwadi (Rajasthan) with an investment of Rs 125 crore, closer to its existing facility. The company will also explore setting up assembly plants based on the demand for its vehicles in major markets.
India is looking at a potential demand for 5 to 7 million electric vehicles including buses, light commercial vehicles, two-wheelers and three-wheelers – under the 2020 plan of the National Electric Mobility Mission.
The company plans to invest in different areas such as research and development, charging infrastructure in metro cities, setting up of Okinawa next generation showrooms to showcase the company’s future technology, new facility and brand promotion over the next few years.
Jeetender Sharma, MD, Okinawa Autotech told Telangana Today, “We want to strengthen both our manufacturing and dealer network. We have created our first manufacturing unit in Rajasthan that can make one million units per year. We have 285 dealers across the country and close to 20 dealers in Telangana alone. We will have 35 dealers here by the end of the fiscal.”
Okinawa currently produces high-speed electric scooters and is aiming to address the issues relating to pollution and fuel imports. With speed being the biggest roadblock for the rise in demand for electric vehicles, the company promises to offer 55 plus km/hour with the range of 80 km/charge, without compromising on the safety quotient.
He informed, “We have sold 22,000 units across the country last year and want to take this number to 50,000 units in the coming fiscals. We currently make scooters and are going to concentrate on bikes as well, going forward. Our first bike will be rolled out by the end of this financial year. West and south have emerged as major markets for us so far. Telangana, Karnataka are our top markets nationally, followed by Maharashtra. We have sold 3,500 units already in Telangana, accounting for about 15 per cent of our overall sales.”
The company plans to introduce its bike which will be a high speed vehicle that can go up to 100 km per hour and can go up to 150 km per single charge and will run on lithium battery.
Sharma informed, “We will continue to focus on R&D and roll out new vehicles continuously. The plan is to launch atleast 1-2 models every year.
Okinawa vehicles are approved by International Center for Automotive Technology (ICAT) and Government of India. They comply with regulatory standards and are available for insurance with HDFC and other companies.
He adds, “We see scooters will rule the electric vehicles market in the country as they can be used by both men and women. Our vehicles will set a benchmark in terms of efficiency through which a buyer will be able to recover the vehicle acquisition value in two years.”