Okinawa Autotech Says to Invest Rs. 500 Crore to Set Up EV Manufacturing Plant in Rajasthan

Electrical two-wheeler maker Okinawa Autotech on Wednesday mentioned it can make investments Rs. 500 crore to arrange a brand new manufacturing plant at Karoli in Rajasthan.

Unfold throughout 30 acres of land, the manufacturing unit could have an annual manufacturing capability of 10 lakh items and will probably be absolutely operational from October 2023, Okinawa Autotech mentioned in an announcement.

The plant will make use of greater than 5,000 folks. This would be the third plant of the corporate aside from the 2 manufacturing amenities at Alwar in Rajasthan, it added.

“Because the market chief within the electrical two-wheeler phase, we’re dedicated to addressing essentially the most important points confronted by the sector. The R&D amenities deliberate within the mega manufacturing unit will probably be futuristic to make sure we meet the sector’s demand forward,” Okinawa Autotech founder and MD Jeetender Sharma mentioned.

The manufacturing unit won’t solely think about the manufacturing of automobiles, however it can even have a provider park that may have in mind motors, controllers, battery packs and different electrical elements meant to assist the whole EV ecosystem, he added.

This plant could have an in-house automated robotic battery manufacturing unit together with a motor and controller Plant, the corporate mentioned, including there would even be robotic automation of plastic physique elements moulding and a state-of-the-art paint store to facilitate the localisation within the manufacturing course of.

Okinawa mentioned the manufacturing of your complete vary of scooters and bikes underneath its present three way partnership with Tacita, meant for home in addition to worldwide markets, will probably be performed on the new plant.

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