Priced in the range of Rs 23,000 to Rs 36,000, it would be marketed under the BSA brand. The low speed eBikes come with a top speed of 25kmph and high speed models up to 45kmph.
These new bikes will be manufactured at TII's Ambattur plant in Chennai. The company today inaugurated the manufacturing unit at an investment of Rs 20 crore, with a production capacity of 100 eBikes a day. The Ambattur plant will have facility for painting, assembly and testing of eBikes.
A company executive said that eBikes will effectively combat the rising fuel prices and would be a preferred option among the youth. Starting from September 2008 the company is planning to sell 4,000 to 5,000 eBikes a month, he said.
The present eBikes market in India is around Rs 450 crore and is expected to double in a year's time.
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People who are below 18 years of age can also ride 250 watt eBike without any license and registration. These new models will need six to eight hours of charge to run 60 to 70 kilo meters. The company will also set up a dealer network with service stations in the lines of two wheeler industry. Recharge points will also come up in different parts of key cities.