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The leading the plastic auto components manufacturer recently announced to enter the alternate energy vehicles segment with flagship product E-Raaja-a 100 percent Made in India product. The initial investments of 40 crore for production will begin from Sohna, Haryana and Ranipet, Tamil Nadu to cater to North and South markets. The production capacity of both the plants stands at 3,00,000 e-rickshaws per year.
“We are extremely happy to launch the E-Raaja at a time when India is moving towards a pollution-free vehicular transport solution,” OK Play India, Managing Director Rajan Handa.
After more than two years of in-house R&D by a dedicated research and design team, company has launched the indigenously designed and developed E-Raaja in the segment. The product is ICAT-approved.
By conservative estimates, there are over 10 million cycle rickshaws and 7.5 million auto-rickshaws in the country, which could potentially be replaced over a period of time. Thus, there is a huge market opportunity,” opined Handa.
OK Play is a pioneer to ingeniously develop roto-moulded plastics processes and create world-class and eco-friendly automotive plastic products that are made in India for global markets.
