Thursday, 6 October 2011

Lohia Auto plans to launch Electric Scooters in US next year





 Electric two-wheeler maker Lohia Auto today said it will foray into the US market in the next financial year with its products, for which it is carrying out necessary regulatory testings at present.

"We are targeting the international market at present. Very soon, we will appoint a distributor in the US and export will start next fiscal," Lohia Auto Industries Chief Executive Officer Ayush Lohia told reporters here.
Lohia said the company may start its export to the US with the 'Genius', which the firm launched here today and other electric scooters in its portfolio would follow later along with other products that the company is developing.

Lohia Auto today launched electric two-wheeler 'Genius', priced at Rs 25,495 (ex-showroom, Delhi), adding to its existing models -- Oma and Fame.

"The new two-wheeler is targeted at young people. We are aiming to sell 400-500 units of this product every month," Lohia said, adding the bike will sold in North India first and sales will be expanded to other region gradually.
'Genius' can attain a maximum speed of 25 km per hour and it can run up to 70 km in a single charge. Lohia had earlier said the three-wheeler will be in both diesel and CNG models, and will be priced between Rs 1.25 lakh and Rs 1.35 lakh (ex-showroom).

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