Okinawa to invest INR 500 crore to set up EV manufacturing plant in Rajasthan, Auto News, ET Auto

Okinawa to invest INR 500 crore to set up EV manufacturing plant in Rajasthan
Electric two-wheeler manufacturer Okinawa Autotech today announced that it will invest INR 500 crore to set up an EV manufacturing plant in Karoli, Rajasthan. After setting up two factories in Rajasthan, this is the third manufacturing plant from the manufacturer that will be spread across 30 years of land, says Okinawa.

In a statement released, the brand states that the fully-integrated electric two-wheeler plant will be operational from October 2023. Moreover, it added, the plant will offer employment to more than 5,000 people.

Okinawa said that the plant will be fully automatic for manufacturing electric two-wheelers along with the automation for powertrain manufacturing. Also, this plant will consist of an in-house automatic robotic battery manufacturing unit along with an in-house Motor and Controller Plant. There will be Robotic Automation of plastic body parts molding and a paint shop to facilitate the localization in the production process, as per company claims.

“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. It will also have a supplier park that will take account of motors, controllers, battery packs and other electrical parts meant to support the complete EV ecosystem,” says Jeetender Sharma, Founder and MD of Okinawa Autotech.

The brand states that under the current joint venture with Tacita, the manufacturing of the entire range of electric scooters and motorcycles will be done at this EV plant and these units are meant for domestic as well as international markets.