OKInAWA AUTOTECH SEES SUBSTAnTIAL InCREASE In SALES In Q1 FY2022

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New Delhi, July 4th, 2021: Okinawa Autotech, India’s fastest-growing electric two-wheeler manufacturer, has seen increased sales in the months of April, May, and June on account of rising fuel prices as well as the supportive policies from several state governments inducing customers to opt for electric mobility.

The EV maker has been experiencing a huge surge in sales during the past three months. It has successfully positioned itself in the market as one of the leading EV players by selling 4,467 units in April, 5,649 units in May, and 5,860 units in June. Having a strong product innovation ecosystem, geographical expansion, and the rising adoption of e-mobility in the country, the company has expanded its presence with a huge customer base in the Southern states of India like Karnataka, Tamil Nadu, Andhra Pradesh & Maharashtra with the highest number of buyers in Madya, Bangalore, Kanchipuram, Nellore & Pune.

Commenting on the same, Jeetender Sharma, MD & Founder, Okinawa Autotech stated, After the revision to the FAME II scheme, we saw a significant increase in demand for e-scooters, and as fuel prices have risen, people have also begun to prefer the E2W over combustion-powered two-wheelers, in part because the operating costs of e-scooters are only a tenth of those of combustion-powered two-wheelers. With these two major factors, we sold 5860 scooters of various models in the last month – 80% of which were our high-speed scooters. Moreover, we have been receiving an increasing number of requests and inquiries, close to a two-fold increase, from prospective consumers for various scooter models in local showrooms across India. We are satisfied with the subsidies provided by both the federal and state governments.”

Amongst its range of scooters, iPraise + along with Praise Pro were the most favoured EV two wheelers, built with style and high speed features. They topped the best seller chart leading to a great expansion in numbers.

Okinawa Autotech is delivering smart, innovative, stylish, comfortable and energy-efficient vehicles at affordable prices. With a widespread network of 350+ dealers pan India, Okinawa caters to not only metro cities but goes beyond to reach Tier-2, Tier-3 and rural regions of the country.

About Okinawa Autotech Pvt Ltd.

Established in 2015, Okinawa Autotech is one of India’s largest Electric 2-Wheeler manufacturers. Aiming to put India on the global EV map with its revolutionary products, Okinawa Autotech is the first Indian company to get a FAME II subsidy from the Government of India.

With a mission to drive the present towards a sustainable future and to further propel the Government’s Make in India Initiative, Okinawa Autotech is delivering smart, innovative, stylish, comfortable and energy-efficient vehicles at affordable prices. With a widespread network of 300+ dealers pan India, Okinawa caters to not only metro cities but goes beyond to reach Tier- 2, Tier-3 and rural regions of the country.

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