Lohia to invest Rs 100 crore in new auto plant

Lohia Auto has decided to invest up to Rs 100 crore for setting up a new manufacturing plant. The company, a part of the diversified Lohia Group, is planing to set up the new facility by 2021.

It is also planning to double its electric vehicles product portfolio to around 20 models, including an e-bike, by the end of next financial year.

A top official of Lohia Auto Industries was quoted as saying by PTI: “We are looking to invest Rs 100 crore on the new manufacturing plant which is expected to come up by 2021.”

As per the report, the company is in advanced talks with various state governments, including Telangana, Andhra Pradesh and Maharashtra, to set up the new facility. The new plant would roll out both electric as well as diesel products.

Image Credit : images.financialexpress.com

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