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The EV arm of the Lohia Group has already invested Rs 100 crore to establish a manufacturing plant at Kashipur, Uttarakhand, with an installed capacity of 100,000 vehicles across three- and third-wheeler segments. Lohia Auto has sold more than 50,000 units of EVs comprising 14,000 e-rickshaws and 30-35,000 two-wheelers to date.
The passenger vehicles volume growth is expected to beat the FY19 peak of 3.4 million units owing to the launch of new models mainly in the utility vehicle segment.
Even though vehicle makers would experience lower sales volume on a sequential basis in Q3FY23, they would nevertheless log higher revenue and profitability owing to the price hike, said Axis Securities in a research report.According to the ...
According to the report, the vehicle makers are expected to post de-growth of revenue and net profit on a sequential basis due to the reduction in wholesales sales in December 2022 post-festive season due to the normalization of channel inventories.On t
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