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Okinawa Autotech's electric motorcycles displayed at a New Delhi showroom: India's sales of electric two-wheelers more than doubled in the year ended March, before the government abruptly changed a subsidy program. (Photo by Rie Ishii)
Industry in focus

Electrifying market: India poised to rival China in e-motorbikes

Manufacturers accelerate production despite Modi policy curveballs

KEN KOYANAGI, Editor-at-large, Nikkei Asian Review | India

GURUGRAM, India -- Jeetender Sharma likes to gamble. Or at least one would think so, judging from his decision to build a new electric motorcycle factory capable of cranking out 1 million units annually -- roughly eight times more than the number of e-motorbikes sold across all of India last year.

Sharma, founder and managing director of Gurugram-based startup Okinawa Autotech, decided in May to invest 2 billion rupees ($28 million) in the plant and new product development. The factory's opening, scheduled for next spring, will add to his company's existing production capacity of up to 180,000 units.

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