The Central government has revised, from June 1, the FAME II subsidy scheme for two-wheelers as manufacturers were not adhering to the localisation norms
Ola Electric Scooter Launched in India: Indian firm Ola is all set to create a sensation in the field of electric scooters. Ola Electric Scooter is announced and the launch event took place yesterday afternoon. Two scooters S1 and S1 Pro are announced which are quite exciting. They will be available for purchase from September 8th and the deliveries will start from October.
Highlights
The company plans to sell 1 lakh units in the next fiscal year
The Okinawa Dual B2B electric two-wheeler was launched at Rs. 58,998
Okinawa Autotech is planning to invest Rs 150 crore for a new manufacturing facility in India. According to a report from PTI, the electric two-wheeler manufacturer will be investing the amount for setting up a new manufacturing unit in Rajasthan. The same unit will be used in rolling out new products as it plans to sell 1 lakh units in the next fiscal year. The company recently launched the Okinawa Dual B2B electric two-wheeler which is priced at ₹ 58,998 that is targeted to the delivery sector. It expects sales to account for around 20 per cent of its total sales from the segment.