Lohia Auto ventures into 3-wheeler segment
Two-wheeler maker Lohia Auto Industries today made a foray into the three-wheeler space with the launch of its 'Humsafar' vehicle in CNG and diesel variants at a base price of Rs 1.3 lakh.
It also launched the cargo version of the three-wheeler at the 11th Auto Expo here.
Speaking on the occasion, company CEO Ayush Lohia said that both the passenger and cargo versions of its three-wheeler would be made available in the market within a month.
Humsafar meets Bharat Stage 3 emission standards.
Lohia said the company's Kashipur plant in Uttarakhand has the capacity to produce 20,000 autos a year, which could be doubled in future, depending upon the need. However, he said there is no immediate plan to increase the capacity.
"Our mission is to bring the most innovative set of wheels with big ideas and smaller carbon footprints to cater to everyone's commuting need. We aim at becoming the leader in green vehicle technology by 2020," Lohia said.
He said the company is in the process of appointing dealerships across northern India and would be moving toward the South in the current fiscal itself.
He said the Noida-based company sold 7,000 two-wheelers last year and hopes to clock over 100 per cent growth in sales this fiscal.
