Okinawa Autotech

Co submitted requisite documents; awaiting meeting with MHI; at an industry level subsidy worth Rs 1,500 cr held up

Automaker raises share to over 16% with 9,153 registrations in January

Electric two-wheeler manufacturer Okinawa Autotech on Wednesday said it will invest 25 million euros (over Rs 220 crore) in the next three years on the development of new products and powertrain. The company said the development will take place at its newly inaugurated first research and development centre in Italy, set up in association with its joint venture partner Tacita. "The first product designed at the global centre will be an electric cruiser motorcycle that is scheduled to be unveiled in the coming months in India," Okinawa Autotech said in a statement. A total investment of 25 million euros over the next three years has been planned for developing new products and powertrain, it added. "Setting up the global R&D centre showcases our ambition to bring the best technologies from the entire world to our Indian customers. The centre will be working on developing futuristic technologies for next-gen electric vehicles," Okinawa Autotech MD and founder Jeetender Sharma ...

Firm is in also in talks with various state govts to set up a third plant, which when completed, is likely to have a capacity of a million units a year

Luke on Thursday launched Gogoro in India with a pilot project in collaboration with ZyppElectric

ICE two-wheeler registrations have grown even faster than electric vehicles month-on-month following a definite slowing down in the last few months

Centre has also asked Greaves Cotton's Ampere, Rattanindia's Revolt, Okaya and Jitendra EV to face an audit to be conducted by the Automotive Research Association of India (ARAI)

Concerned over cases of fire incidents observed in electric two-wheelers, the road transport ministry has introduced additional safety provisions in the battery safety standards which will come into effect from October 1, according to an official release. The amendments include additional safety requirements related to battery cells, on-board charger, design of battery pack, and thermal propagation due to internal cell short circuit leading to fire. The notification to mandate amended standards for the respective categories of electric vehicles with effect from October 1, 2022, is in progress, the release said. In April this year, cases of electric two-wheelers of manufacturers such as Ola Electric, Okinawa Autotech and PureEV catching fire were reported. It prompted the government to form a panel to examine. "Based on the recommendations of the expert committee report, the ministry on August 29, 2022, has issued amendment to AIS 156- Specific requirements for motor vehicles of L

Registrations are down, and ranking too. But the player insists it is ready for the many challenges staring it in the face

Alarmed at the unabated EV fire incidents, the Centre has now sent show cause notices to EV manufacturers like Ola Electric, Okinawa Autotech and Pure EV, among others

Nearly 7,000 e-two-wheelers taken off the roads; show-cause notice to companies sent based on findings of a report by a DRDO laboratory

This is the second such incident occurring at the Gurugram-headquartered EV maker's showroom in the recent past as earlier in April this year one of its outlets in Tamil Nadu was engulfed in flames

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. 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, Okinawa Autotech 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," Okinawa Autotech 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 ..

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This includes the JV with Tacita; company is in talks with PE firms

'Defects may have happened because companies intentionally used lower-grade materials to cut costs,' it says.

He said there is some problem with EV batteries when the temperature rises in the months of March, April and May

Union Road Transport and Highways Minister Nitin Gadkari said in a tweet thread that companies may take advance action to recall all defective batches of vehicles immediately

While financiers are citing a massive dip in bookings and enquiries, dealers cite at least a 10% dip in customers

Okinawa recalled 3,215 units of its 'Praise Pro' scooters on April 16