Lohia Auto signs MOU with Greaves Cotton

Lohia Auto signs MOU with Greaves Cotton

 

New Delhi, October 2017: Bringing a new revolution to last mile transport solutions, Lohia Auto has signed an MOU with Greaves Cotton Limited to provide fuel efficient solutions that are compliant with the BS VI norms.

Through this strategic partnership, the two companies will together develop a new product line of BS VI compliant vehicles fitted with CNG , Petrol and Diesel Engines. These gasoline engines will be produced by Greaves Cotton and will be compatible with Lohia Auto three wheeled vehicles. This product line will be an enhancement to the already existing diesel engines used.

Commenting on the occasion: Mr. Ayush Lohia, CEO, Lohia Auto said “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.

Mr. Nagesh Basavanhalli, MD and CEO of Greaves Cotton Limited commented “We are excited to power Lohia Auto’s three wheelers. The market needs to be ready for a technological, regulatory and business model disruption by 2020. As the leading player in the Last Mile Transportation space, Greaves Cotton Limited has been moving more than 1 crore passengers and 5 lakh tonnes of cargo every day. We are also investing in new technologies and building capabilities to meet the demand for fuel agnostic, future ready solutions serving the clean energy space and the last mile transportation market. Last month, Greaves also signed an agreement with another leading OEM’s reinforcing its advancement in this area. Such partnerships will not only help us showcase our advancement in technology in the space, but also the movement of power trains solutions away from conventional diesel and petrol engines to greener and environmentally friendly solutions”.

About Lohia Auto

Lohia Auto Industries is an automobile division of Lohia Global founded by visionary Late Mr. N.K. Lohia. Lohia has diversified operation in various sectors like Automobile, Handicraft Export, Retail Warehousing, Real Estate, Brass coil manufacturing etc. Lohia Auto Industries is established in the year 2008 with an objective to provide clean, efficient, reliable and affordable inner-city & rural transportation. In the highly cluttered automobile market, company has carved a niche for itself with electric scooters. Keeping in mind the energy security of the country, Lohia Auto has launched five models till date which are OMA, OMA star, DX, FAME & GENIUS and e-Rickshaw ‘HUMRAHI’ & NARAIN (Passenger and loader both). Lohia Auto also launched with its brand of Diesel/CNG Three wheelers ‘HUMSAFAR’ in both segment i.e. Passenger and Cargo for Domestic and Exports market. The company has a manufacturing unit based out of Kashipur, Uttarakhand with capacity to produce 100000 units/Year of 2 Wheeler & 3 Wheeler. In addition it has in-house production of various key components and also houses ultra-modern R&D department which provides and ensures innovative, highly efficient & durable electric vehicles to meet the ever growing demands of the domestic and international markets.

About Greaves Cotton Ltd:

Greaves Cotton Limited, a Rs.1800 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel/ petrol engines, farm equipment and Gensets. The Company sustains its leadership through six manufacturing units which produce world class products backed by comprehensive spares and service through its 3500 plus service outlets across India.