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.
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)
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