Lohia Auto will launch high-speed new electric three-wheelers

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Updated On: 10-Nov-2023 10:51 AM

Lohia Auto Industries Ltd is planning to launch high-speed scooters and a new passenger-carrying electric three-wheeler.

Lohia Auto currently operates around 100 dealers, primarily in North and Central India, with a few in the Eastern and Western regions.

Lohia Auto Industries Ltd, a prominent electric two- and three-wheeler manufacturer, is planning to launch high-speed scooters and a new passenger-carrying electric three-wheeler, as well as increase its dealer network.

The company aims to expand its dealer network, anticipating increased sales volumes that would lead to economies of scale and reduced overall costs. Ayush Lohia, CEO of Lohia Auto, expressed hope for an extension of the Faster Adoption and Manufacturing of Electric Vehicles (FAME) II subsidy scheme by the Indian government beyond March 2024. He emphasized the importance of maintaining current import duties on vehicle and component imports.

Lohia Auto Industries Ltd plans for Increased sales volumes will provide the company with economies of scale, lowering total expenses. He also expects the Indian government to extend the FAME II subsidy scheme beyond March 2024 and not lower import duties on vehicle and component imports.

Lohia disclosed plans for the introduction of high-speed, powerful electric two-wheelers and a program for a new passenger-carrying three-wheeler in the coming year. He anticipates a substantial market presence by the following year. In the two-wheeler sector, Lohia Auto will face competition from high-speed electric vehicle (EV) makers like Greaves Electric Mobility, Ather, and Ola.

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The company’s manufacturing plant, with an annual capacity of one lakh units, is situated in Kashipur, Uttarakhand. Lohia Auto currently operates around 100 dealers, primarily in North and Central India, with a few in the Eastern and Western regions.

The company plans to enter South Indian markets with its new offerings and aims to increase the dealer network to 200 across the country within two years. Lohia stressed the necessity of extending the FAME II subsidy scheme for two-wheelers to facilitate the transition of the entire two-wheeler market to EVs by 2030.

He suggested that the three-wheeler segment could achieve complete EV adoption by 2027, followed by two-wheelers. Lohia cautioned that the 100% adoption date would be delayed if the FAME II subsidy is not extended beyond March 2024.

Highlighting a slowdown in EV two-wheeler sales after amendments to the subsidy scheme, Lohia predicted a forthcoming consolidation in the EV segment. He emphasized the benefits of having multiple players testing various technologies.