E-scooter makers Hero & Okinawa to boost growth by launching new vehicles

India's e-two wheeler market is all set to double its production to 45,000 units this year

Despite roadblock, in the form of Goods and Services Tax (GST), electric two-wheeler makers are going ahead with their investment plans.

Hero said it would invest around Rs 50-75 crore a year to bring high-speed scooters, while the new entrant Okinawa said it would invest around $40 million (around Rs 300 crore). Interestingly, Okinawa is even planning to manufacture batteries, through its vendors, locally.

India's e-two wheeler market is all set to double its production from 24,000 units to 45,000 units this year.

Hero, which is the market leader in the e-two wheeler space, claims around 65 per cent market share in the