For a growing section of riders, e-bikes are a cool way out of increasing fuel costs.
Naveen Munjal’s firm Hero Electric leads India’s e-bikes market. The bungee-jumping entrepreneur, who heads the Society of Manufacturers of Electric Vehicles, told Vivek Chattopadhyaya e-bikes could be slicker. Excerpts
On the market potential of e-bikes
At a time of fast depleting fossil fuel deposits, e-bike is the future of transport. It is particularly important for India as the country’s fuel import bill is increasing every year.
The e-bike market can be divided into two categories: high-power bikes and low-power bikes. Low-power bikes have a maximum speed of 25 km per hour and hence do not require registration or a driving licence. At present, these bikes constitute about 75 per cent of the electric two-wheeler industry in India.