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Okinawa Autotech to invest Rs 500 cr for manufacturing plant in Rajasthan

Electric two-wheeler maker Okinawa Autotech on Wednesday said it will invest Rs 500 crore to set up a new manufacturing plant at Karoli in Rajasthan

Okinawa Autotech | rajasthan

Press Trust of India  |  New Delhi 

Okinawa Autotech
Okinawa Autotech

Electric two-wheeler maker on Wednesday said it will invest Rs 500 crore to set up a new manufacturing plant at Karoli in .

Spread across 30 acres of land, the factory will have an annual production capacity of 10 lakh units and will be fully operational from October 2023, said in a statement.

The plant will employ more than 5,000 people. This will be the third plant of the company apart from the two manufacturing facilities at Alwar in Rajasthan, it added.

"As the market leader in the electric two-wheeler segment, we are committed to addressing the most significant issues faced by the sector. The R&D facilities planned in the mega factory will be futuristic to ensure we meet the sector's demand ahead," founder and MD Jeetender Sharma said.

The factory will not only concentrate on the manufacturing of vehicles, but it will also have a supplier park that will take into account motors, controllers, battery packs and other electrical parts meant to support the complete EV ecosystem, he added.

This plant will have an in-house automatic robotic battery manufacturing unit along with a motor and controller Plant, the company said, adding there would also be robotic automation of plastic body parts moulding and a state-of-the-art paint shop to facilitate the localisation in the production process.

Okinawa said the manufacturing of the entire range of scooters and motorcycles under its current joint venture with Tacita, meant for domestic as well as international markets, will be done at the new plant.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, June 22 2022. 12:14 IST