Okinawa could invest Rs 200 crore to increase production in FY2020-21

19 September 2019, 07:33 PM Anuj Mishra
Okinawa could invest Rs 200 crore to increase production in FY2020-21

- Reports suggest Okinawa plans to setup a new facility in Bhiwadi, Rajasthan

- Is expecting sales to be doubled this year as compared to FY2018-19

- Plans to expand its sales and service reach as well

Okinawa, a Gurugram-based electric two-wheeler manufacturer, is reportedly planning to invest Rs 200 crore in order to increase its production capacity in the next financial year, 2020-21. As a part of this plan, the company intends to setup a new manufacturing facility in Bhiwadi, Rajasthan, alongside the existing plant in the same region. While the production capacity of the current facility stands at 180,000 units annually, Okinawa aims to roll out up to 10 lakh units from the new facility. 

The electric two-wheeler maker sold 40,000 units in the previous financial year. The company foresees this number to be doubled this year and reach around 75,000-1 lakh units. Okinawa’s portfolio currently comprises of seven e-scooter models, of which, the PraisePro is the latest addition. Reports suggest that the PraisePro has garnered good initial response as it clocked 5,000 bookings in the first week of its launch. 

Besides ramping up its production capacity, the expansion plan also involves widening the sales and service reach. Currently, Okinawa has 350 dealers in 200 cities across India which the manufacturer intends to expand it up to 450 sales and service outlets by 2020. 

Source - ETauto

 
Okinawa Praise

Okinawa Praise

  • Mileage - ARAI35 km/full charge
  • ;

Ex-showroom, Mumbai

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