Lohia Auto Aims to Enter India’s Electric Two-Wheeler Segment in 2024
The company expects that selling more products will make them save money on production costs. Ayush Lohia, the boss, wants the Indian government to keep giving money to electric vehicle (EV) makers and buyers after March 2024 and also keep charging more tax on imported vehicles and parts.
Lohia Auto wants to make and sell fast and powerful electric bikes next year and is testing a new electric auto-rickshaw that can carry passengers. The company wants to reach more customers from next year, competing with other fast electric bike makers.
Lohia Auto’s factory in Uttarakhand, India, can make one lakh electric vehicles in a year, and the company wants to have about 200 shops across the country in the next two years. Lohia said that the government should keep giving money to electric bike makers and buyers to help them switch from petrol and diesel bikes to electric bikes by 2030.
He also said that the auto-rickshaw market would completely switch to electric by 2027. Lohia was worried about the effect of the money cut on electric bike sales and asked the government to continue the money scheme until 2024, saying that it would help sell more products, use more local parts, and make India independent in the electric vehicle market.
About Lohia Auto
Lohia Auto is a company that manufactures electric vehicles in India, such as e-rickshaws, e-scooters, and e-autos. It was founded in 2008 and is part of the Lohia Global business conglomerate. Lohia Auto aims to provide efficient, reliable, clean, and affordable transportation solutions that are environment-friendly and energy-saving.
Some of its products include Fame, Oma Star, Narain, Comfort Plus, and Humsafar. Lohia Auto has a plant in Kashipur, Uttarakhand, that can produce 100,000 units per year of electric vehicles.
Lohia Auto is also one of the founder members of the Society of Manufacturers of Electric Vehicles (SMEV)