Lohia Auto eyes to sell 10k e-bikes this fiscal

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

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

"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," Lohia Auto Industries CEO Ayush Lohia said in a statement here.

To catch on the growing demand, the company said it will build a dealer network covering 50 cities across the countries to sell the e-bikes.

"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," he added.