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Okinawa Autotech to invest Rs 1200-1,500 cr in e-two-wheelers in two years

This includes the JV with Tacita; company is in talks with PE firms

Okinawa Pavilion at Auto expo 2020 (Photo- Sanjay K Sharma)
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Okinawa Pavilion at Auto expo 2020 (Photo- Sanjay K Sharma)

Shally Seth Mohile Mumbai
Undeterred by the fire incidents involving its scooters, Okinawa Autotech is charging ahead with an aggressive investment plan. It seeks to make the most of the burgeoning demand for electric two-wheelers in India.
 
Jeetender Sharma, founder and managing director, Okinawa Autotech, said his company will invest Rs 1,200 crore-Rs 1,500 crore over the next two years. This includes Rs 1,000 crore in the joint venture (JV) with Tacita, an Italian e-two wheeler maker. Okinawa has 51 per cent stake in the JV.
 
Meanwhile, Okinawa is also in talks with private equity firms to raise around Rs 500 crore.

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First Published: May 27 2022 | 8:15 PM IST

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