“We’re developing with a brand new facility and new merchandise. The whole funding within the subsequent fiscal yr will likely be round Rs 150 crore,” Okinawa Autotech Managing Director and Founder Jeetender Sharma instructed .
The brand new manufacturing unit will likely be close to the corporate’s current plant in Rajasthan.
“The brand new facility can have an annual capability of 5-6 lakh models within the first section and might go as much as 10 lakh models in future,” Sharma added.
When requested about new merchandise, he stated the corporate is concentrating on each the B2B and B2C phase.
Final week, Okinawa Autotech launched its Okinawa Twin, powered by a 250 Watt electrical motor with 48W 55Ah removable lithium-ion battery with a variety of 130 km on a single cost. It has a prime pace of 25 kmph.
Sharma stated the COVID-19 pandemic has accelerated the rise of e-commerce and last-mile deliveries. It has turn out to be crucial for companies within the supply phase to innovate, cut back operational prices, and improve effectivity constantly, and Okinawa Twin will deal with that want.
The corporate will launch its high-speed bike codenamed OKI100 within the first half of this yr, he added.
On the gross sales entrance, he stated Okinawa Autotech would shut in on cumulative gross sales of round 1 lakh models by the top of the continued fiscal because it began operations in 2017.
“In FY 21-22, no matter we’ve got achieved to this point, we are going to double the quantity with the approaching in of two-three new fashions. It’s a honest estimate that we are going to promote round 1 lakh models subsequent fiscal,” Sharma stated.
Of the whole, he stated the B2B phase would account for round 20 per cent.
Bullish on the electrical two-wheeler phase’s progress, Sharma stated with the transition to BS-VI emission norms, costs for typical scooters and bikes have gone up, thereby lowering the hole with electrical counterparts, and Okinawa Autotech has focussed on localisation to be cost-competitive.
“We now have greater than 92 per cent localisation until date. Within the subsequent quarter, we’re going to be 100 per cent,” Sharma stated, including though the battery cells coming from outdoors the corporate have a devoted provider in India supplying it the battery packs.