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Okinawa Autotech aims 1 million production capacity from new Plant

Auto News - Published on Thu, 23 May 2019

Image Source: ET Auto
ET reported that electric scooter maker Okinawa Autotech is investing INR 200 crore to set up a new manufacturing plant with an annual capacity of one million units, preparing to meet increased demand following implementation of FAME II scheme, a top company official said. The new plant 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.

Okinawa Autotech Pvt Ltd Founder and Managing Director Mr Jeetender Sharma told that "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 unit will have a total installed capacity of up to one million vehicles annually and that would be ramped up in a phased manner.

Mr Sharma said that "In the first phase we are looking at around 5 lakh units annually that will be ready by the end of this fiscal. The second phase will be in the next financial year.”

Mr Sharma said the company decided to set up the new plant in order to be "future ready towards the direction of the market", specially after the expected increase in demand for electric scooters after the implementation of FAME II.

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Posted By : Rabi Wangkhem on Thu, 23 May 2019
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