Electric two-wheeler manufacturer Okinawa Autotech witnessed 30 per cent increase in sales over the last quarter. The company attributed this upsurge to the growing fuel prices in the country.
Mr. Jeetender Sharma, MD & Founder, Okinawa Autotech, said, “The EV sector in India is rapidly growing since the last three years as both the central and state governments have been taking many initiatives to promote the adoption of electric vehicles. The recent hike in fuel prices has further pushed consumers to look for alternate options such as electric vehicles. We as a company have witnessed the hike and aim to provide the electric vehicles that are at par with the ICE engine.”
Currently, the company has six electric scooters in its portfolio in the price range of Rs 50,000 to Rs 1.14 lakh.