Okinawa Autotech To Invest Rs 500 Crore For New Plant In Rajasthan
Spread over 30 acres, Okinawa's new factory at Karoli, Rajasthan, will have an annual production capacity of 10 lakh units.
Okinawa Autotech, a maker of electric two-wheelers, will invest Rs 500 crore to set up a new manufacturing plant at Karoli, Rajasthan.
Spread over 30 acres, the factory will have an annual production capacity of 10 lakh units and will be fully operational from October 2023, according to a company statement released on Wednesday. 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.
"The R&D facilities planned in the mega factory will be futuristic to ensure we meet the sector's demand, going ahead," Jeetender Sharma, founder and managing director of Okinawa Autotech, said in the statement.
The factory will not only concentrate on the manufacturing of vehicles, but it will also have a supplier park for motors, controllers, battery packs and other electrical parts meant to support an EV ecosystem.
The new plant will have an in-house 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 Autotech 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.