Okinawa Autotech one of India’s fastest-growing electric vehicle brand is investing Rs 150 crores during the financial year to grow its product portfolio and on-ground footprints.
New Delhi, May 17th, 2021: Okinawa Autotech, India’s fastest-growing electric vehicle (EV) manufacturer company. Today announced a range of milestones achieved over the last financial year. As well as the roadmap for the ongoing financial year.
The company clocked annual revenue of Rs 155 cr. in FY 2021 and aims to increase it by 300% in FY 22. This will be done on the back of a strong product innovation ecosystem, geographical expansion, and the rising adoption of e-mobility in the country.
For FY 21, the company sold 30,930 units, targets 3 folds increase in the number this fiscal year. During this period, Okinawa Praise pro was the most selling electric scooter by the company. Okinawa Autotech also launched the Okinawa Dual – India’s first customizable B2B electric two-wheeler to propel ‘services on wheels’ last year.
The company currently has a strong dealership network across Delhi, Bangalore, Noida, Jharkhand, and Assam. It also has been constantly expanding its footprint to the other Indian states. In order to serve many more Indians who are looking to contribute to a greener future on this planet.
Statement by Okinawa Autotech MD and Founder
Summing up the performance of FY 21 and the roadmap for FY 22. Mr Jeetender Sharma, MD & Founder of Okinawa Autotech said, The last year has been tough for the entire automobile industry. It was indeed a setback for us in Okinawa, as for any other company. Having said that, we are glad to share that we managed stable growth and continued to make a mark in India’s electric vehicle revolution.
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