Okinawa to go 100-pc localised by fiscal-end

Electric two-wheeler manufacturer Okinawa Autotech is set to go 100 per cent localised by the end of this fiscal year.

According to a press release, the company is investing Rs 200-250 crore in its manufacturing plant at Bhiwadi in Rajasthan, for this purpose.

Mr Jeetender Sharma, MD and Founder, Okinawa Autotech, said, “At present, Okinawa is over 92 per cent localised and we are aiming to go for 100 per cent localised components by the end of this year. We are working rigorously with our suppliers to fill in such gaps and reduce our dependence on imports.”