Lohia Auto Industries today said it has forayed into international markets with the launch of a petrol-powered three-wheeler in Nepal.
"We have started with Nepal internationally and also launched a petrol vehicle for the first time," Lohia Auto Industries CEO Ayush Lohia said in a statement.
The company also plans to enter South East Asia and neighbouring countries as these are emerging markets with lots of potential, he added.
Lohia Auto has appointed a distributor in Nepal for further expansion of dealer network in the country.
Three-wheeler industry in Nepal is estimated to be 2,500 units per annum.
"We plan to sell 600 units within the first year. To achieve this figure, our aim is to appoint 10 dealers in next one year," Lohia said.
The company will soon start exports to other countries in South East Asia and neighbouring countries, he added.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app