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Lohia Auto targets to sell 10,000 e-bikes this year

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Lohia Auto, the manufacturer of electric vehicles said it is looking to sell 10,000 units of its e-bikes-- FAME and OMA-- by the end of this fiscal year. 

The company is targeting heavily on the sales of its e-bikes, which runs on batteries, due to the increasing oil prices and is even hoping to double the sales figure to 20,000 vehicles by the end of next financial year. 

Ayush Lohia, CEO Lohia Auto Industries said in a statement here, “The response towards electric automotives is picking up fast in the country and we are targeting to sell 10,000 of our bikes by the end of this financial year and hope to double this figure next year”. 

The company said to compete with the increasing demand that it will build a dealer network covering 50 cities across the countries to sell the e-bikes. 

He added, “We are stepping up the pace of our marketing and distribution initiatives and expect to have over 50 showrooms operational by the end of this year”.

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Posted by Naresh Koshti on 22 June, 2009 3:46:08 PM IST #