Okinawa announces a 500 crore EV mega factory in Rajasthan

Okinawa Autotech has officially announced its plan to build a 'mega factory' in Karoli, Rajasthan, at a staggering cost of Rs 500 crore. It will be the homegrown EV maker's third production facility, with a capacity of one million units per annum.

By Divyank K. Bansal | on June 23, 2022 Follow us on Autox Google News

Okinawa's 'mega factory' will roll out one million units per annum.

Okinawa Autotech has officially announced its plan to build a mega factory in Karoli, Rajasthan, at a staggering cost of Rs 500 crore. It will be the homegrown EV maker's third production facility – it already has two factories operating in Rajasthan. The proposed mega factory will be spread across 30 acres of land and will employ 5,000+ personnel. It will be fully operational from October 2023 onwards.

Once operational, Okinawa claims it will be 'the largest, fully integrated electric two-wheeler plant ever in India.' And by fully integrated, the brand means that the plant will feature high levels of automation for not only the powertrain manufacturing but also plastic part moulding and painting.

The new Karoli facility will also cater to Okinawa's recent joint venture (JV) with Italian electric motorcycle manufacturer Tacita (for both domestic and international markets). As per the terms of the JV, Okinawa is supposed to provide local assembly operations for a new scooter product line and a high-performance motorcycle (both electric). Both products are due for a 2023 launch.

Sharing his thoughts about the announcement, Jeetender Sharma (Founder & MD, Okinawa Autotech) said, '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. The mega factory will not only concentrate on the manufacturing of vehicles but also have a supplier park that will take account of motor, controllers, battery packs, and other electrical parts to support the complete EV ecosystem.'

Read more:

Okinawa crosses 1 lakh sales milestone 

Tags: Okinawa Okinawa Autotech

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