The head of the Sales & Marketing Department Sunil Awasthi said that "We will launch two new models in the next fiscal." He also said that the company is intending to vend (sell) around 15000 units by March 2010. They want to expand their business network in Delhi city. They also plan to be working on a hybrid scooter version which would offer an improved variety compared to electric ones. The company has an industrialized facility in Kashipur in Uttarakhand with a capacity of industrialized around 2 lakh units per year.
In the coming fiscal, Lohia Auto is also eyeing a turnover of Rs.15 crore from the two-wheeler segment in FY11. Lohia Auto’s CEO Ayush Lohia said regarding future scooter sales, “We want to be a market leader in India. In the next 4-5 years, we aim to sell 90,000 units of electric scooters in the domestic market. It’s an ambitious target. We are targeting 20 per cent of the two-wheeler EV market by 2014.”
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