With an aim to reinforce its commitment to the government’s Atmanirbhar Bharat programme, electric automaker Okinawa Autotech has said that its products will have 100 per cent locally-produced content by the end of this year.
The Gurugram-based company is investing 200-250 crore in its new manufacturing plant in Bhiwadi, Rajasthan to meet the emerging demand for e-two-wheelers in the country, it said in a statement.
In a statement, the e-two-wheeler maker said that becoming 100 per cent localised is aimed at helping the company attain customer confidence and increase brand trust.
Jeetender Sharma, Founder and Managing Director of 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”.
Sharma added that Okinawa is working rigorously with its suppliers to fill in such gaps and reduce the dependence on imports. This will provide a push to local component manufacturers to bolster the domestic supply chain and help to strengthen the automotive industry from its core.
“The auto sector is one of the key drivers of the Indian economy and we aim to contribute further to the ‘Make in India. Made for India’ vision”, Sharma added.
Earlier this year, the company slashed the prices of its entire product range following the partial amendment to the government’s Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II) Scheme.
