Lohia Auto recently announced its association with Greaves Cotton to provide fuel efficient solutions that are compliant with the BS VI norms. Through this partnership, the two companies will together develop a new product line of BS VI compliant vehicles fitted with CNG, Petrol and Diesel Engines.
Replying to NewsBarons, Ayush Lohia, CEO, Lohia Auto stated “The future of EV (electric vehicles) looks quite promising for electric bikes, e-rickshaws as well as electric cars.”
NB: Please explain the reason for this strategic tie-up with Greaves Cotton?
Ayush Lohia: This step is a proactive attempt to upgrade our vehicles to meet BS VI emission norms well before the new norms kick in 2020. Our relationship with Greaves Cotton is expected to grow furthermore with our new 200 cc product line introduced by Lohia Auto.
In accordance with the agreement, Lohia Auto ensures its commitment to the Indian market to provide fuel efficient solutions for the pollution choked cities and to provide improved last minute connectivity solutions.
NB:What will be the future of EV?
Ayush Lohia: The future of EV looks quite promising for electric bikes, e-rickshaws as well as electric cars plying on Indian roads. It is our government’s aims to make India a 100% electric vehicle nation by 2030. These machines not only help users save money but will also provide and promote a safe and clean environment which is the biggest health concern today.
The future is electrifying as it will reduce fossil fuel dependence and pollution, and prove beneficial for both consumers and the nation in the long run.
NB: Brief us about your joint venture with US based UM Motorcycle?
Ayush Lohia: Being an emerging player in electric 2 and 3 wheelers, the next journey for Lohia is to be in motorcycle segment. For the same, it has entered into a joint venture with US based UM Motorcycle to manufacture cruiser bikes in India. By 2020, Lohia intend to cross INR 500 crore market revenue.
NB: What are your new products launches for the next 12-18 months?
Ayush Lohia: We are coming up with new range of electric vehicles i.e electric two wheeler and three wheelers but, at this stage, it is too early to discuss and comment.
NB: What is your mix in terms of PRODUCTS PORTFOLIO , ELECTRIC TWO WHEELERS,ELECTRIC RICKSHAW?
Ayush Lohia: For Electric two Wheeler, we have one Electric scooter which is Oma Star available in lead acid & lithium ion battery and for Electric three wheeler, we have Narain, Humrahi and solar power e-rickshaw namely Humrahi plus. They all are used for passenger and loader and for Diesel, we have Humsafar which is in passenger and loader both variant.
NB: When can we expect high speed electric scooter and an all battery operated 3 wheeler?
Ayush Lohia: We are hoping to showcase some exciting performance electric motorcycles but it is too premature to discuss the same right now. We are hoping to speed up, so that we are able to roll out some communication in the upcoming month.
NB: When are you plans for Kashipur Plant?
Ayush Lohia: We have a capacity to roll out 100,000 vehicle per annum but are not fully utilizing it capacity till date. We will add new lines once we starts utilizing the present capacity to its extent but we are also contemplating setting up another unit either in southern or western India.
NB: What is your focus area going forward?
Ayush Lohia: The focus area for Lohia is to increase its market penetration and create an all India dealer network. We plan to have more than 150 dealership in this financial year. Our R&D centre is continuously working in developing new options and improving our existing product lines. For us, the next big things in pipeline is the high speed electric scooter and a fully battery operated 3 wheeler.
NB: Your revenue target by 2020?
Ayush Lohia: By 2020, Lohia intend to cross INR 500 crore market revenue.