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Okinawa cuts price of electric scooter range by up to Rs 17,892
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Okinawa Autotech: Okinawa cuts price of electric scooter range by up to Rs 17,892
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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.
Okinawa Autotech plans to invest Rs 150 crore to set up new manufacturing unit in Rajasthan
NEW DELHI, Jan 24: Electric two-wheeler maker Okinawa Autotech plans to invest Rs 150 crore in setting up a new manufacturing unit in Rajasthan, and roll out fresh products as it sets a target of selling 1 lakh units in the next fiscal year, according to a top company official.
The company, which had recently launched B2B electric two-wheeler – Okinawa Dual, priced at Rs 58,998, targeting the delivery sector, expects sales from the segment to account for around 20 per cent of its total sales.
“We are coming up with a new facility and new products. The total investment in the next fiscal year will be around Rs 150 crore,” Okinawa Autotech Managing Director and Founder Jeetender Sharma told PTI.