The EV arm of the Lohia Global has already invested Rs 100 crore to establish a manufacturing plant at Kashipur, Uttarakhand, with an installed capacity of 100,000 vehicles across three- and third-wheeler segments. Lohia Auto has sold more than 50,000 units of EVs comprising 14,000 e-rickshaws and 30-35,000 two-wheelers to date.
The company, which manufactures both diesel and petrol three-wheelers along with electric two and three-wheelers, is also gearing up to resume operations partially
The company plans to invest Rs 50 crore to start manufacturing of engines, which are currently assembled from imported parts from different markets across the globe, as part of its plans to fully localise its motorcycles in the next 12-18 months.
Electric two-wheeler maker Lohia Auto today said it will foray into the US market in the next financial year with its products.
The government's move to divest its stake in beleaguered Scooters India Ltd is running into rough weather, with another possible bidder Atul Auto today saying it will pull out of the race if the process takes long.