Auto Expo 2014: Lohia Auto to invest Rs. 40 crore in next two years. | News On Project

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Published On:February 8 2014

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Auto Expo 2014: Lohia Auto to invest Rs. 40 crore in next two years.

Lohia Auto, which recently launched electric-three wheeler 'Humrahi', is investing Rs. 40 crore in the next two years to ramp up production capacity.

'We will be making an investment of Rs. 30-40 crore in the next two years to enhance manufacturing capacity of diesel and electric three-wheeler,' Lohia Auto chief executive officer Ayush Lohia said at the 12th Auto Expo.

The company has its manufacturing plant in Kashipur Uttarakhand with a capacity of 1 lakh units per year.

ET

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