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Okinawa expands high-speed 2-wheeler portfolio with its costliest Okhi-90 model

Okinawa expands high-speed 2-wheeler portfolio with its costliest Okhi-90 model

The EV 2-wheeler major launches its seventh and the costliest model with ex-showroom starting price of Rs 121,866.

Arnab Dutta
Arnab Dutta
  • Updated Mar 24, 2022 9:43 PM IST
Okinawa expands high-speed 2-wheeler portfolio with its costliest Okhi-90 modelJeetender Sharma, Managing Director & Co-founder and Dr. Rupali Sharma, Chairperson & Co-founder, Okinawa Autotech.

Gurgaon-headquartered electric two-wheeler major Okinawa Autotech on Thursday unveiled its costliest model Okhi-90. The 3,800 watt model that can race at the top speed of up to 90 kmph, is the seventh model from the company.

Priced ex-showroom at Rs 121,866, it is the top tier two-wheeler from the company so far. Designed in line with scooters, the latest model sports a 16-inch allow wheel that is targeted to lure motorcycle enthusiasts. According to the company, if subsidies offered by states included, ex-showroom price of Okhi-90 would be lower. For instance, in Delhi it would cost Rs 103,866 after deducting subsidies by the and Faster Adoption and Manufacturing of Hybrid and Electric Vehicles scheme phase-2 (FAME-II), it said.

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According to Jeetender Sharma, Managing Director & Co-founder, Okinawa Autotech, the new model is a result of over one and a half years of research. “The Okinawa OKHI-90 has the potential to completely transform the user's perception of electric two-wheelers. The scooter not only goes a notch up with its par excellence performance but is also designed to be the ideal two-wheeler that customers demand in today's world. We have combined the power of cutting-edge technology, which is exclusively conceived for urban commuting, with an exceptionally durable frame,” he said.

Rapid adoption of EV two-wheelers in the country has brought Okinawa much fame in the past two years. In 2021, the market in India grew by a whopping 132 per cent year-on-year to 223,971 units up from 100,736 units in 2020. Last year, 61 per cent of the units sold were high-speed EVs, compared to 27 per cent the year before - indicating a clear trend towards consumers’ trust towards EV two-wheelers.

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While the ICE two-wheelers market continues to be dominated by traditional players, at the EV market relatively newer players like Okinawa has managed to make a mark in quick succession. In 2021, it held a 22 per cent share of the market and the second spot, just behind market leader Hero Electric (34 per cent).

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ABOUT THE AUTHOR

Arnab Dutta
Arnab Dutta

Arnab writes extensively on India's corporate sector and implications of government policies on businesses, markets and Indian households. With over 10 years of experience in journalism and having worked at national publications like Business Standard, Indian Express and Mint (HT), Arnab is a senior journalist with expertise on corporate finance, consumer economy and related public policies. Apart from world cinema, music and photography, he takes keen interest in geopolitics & Indian polity.

Published on: Mar 24, 2022 9:43 PM IST