Okinawa Sales Surge 30 Percent Due to Insane Petrol Price Hike

One man’s loss is another man’s gain! Okinawa electric sales are rising due to the incessant increase in petrol prices, says the company…

Okinawa Autotech has shot in a press release informing about the volume increase in sales it has seen in the last quarter. Not disclosing the numbers, Okinawa said that buyers are considering electric vehicles as petrol prices are hovering around that Rs 100 per liter mark.

Okinawa shares that it witnessed a 30 percent increase in sales over the last quarter. That is not all – it has seen a 3-fold hike in enquiries at its dealerships for its models – a clear sign that people are exploring alternate fuel options. Mr Jeetender Sharma, MD and Founder of Okinawa Autotech, also attributed this increment in sales to the various initiatives that both the central and state governments are taking to push the acceptance of electric mobility.

Okinawa has sold the second highest number of high-speed electric scooters in 2020 and is growing at a pace of 35-40 percent this year. It has a product portfolio mix of slow speed, entry level models and high speed premium products – sporting Lithium-Ion batteries.

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The company, which was the first one to get FAME II subsidy from the Government of India, announced that it will launch two new high speed 2-wheelers in the months to come. It has already started teasing its OKI100 electric motorcycle which is coming anytime soon.