New Delhi: When the government focused on sustainability in mobility, Indian cycles and the electrical cycle industry (powered by batteries) loss of production and sales to China, Europe, Japan and the US.
This is because of the absence of government incentives in manufacturing or at the time of purchasing consumers, the hero cycle, the largest cycle maker in the country, said.
Munjal Pankaj, HMC Chairperson (Hero Motors Company), said the company was forced to participate in locations outside India because of the absence of an eco system of strong suppliers in the country and sales under-potential, especially cycles, which although sold strongly at global market.
“Why does the cycle industry in India be killed from the major government schemes such as incentive policies (pli) related to production (pli 2? The government has talked about the need to promote sustainable mobility and handle climate change, something that is also mentioned during the COP26 global climate summit,” said Munjal Toi.
Heroes of Cycles are the top cycle sellers in India, and have also started the sale of battery-powered electronic cycles (under the Hero Lectro Brand) over the past few years, even though the volume is still missing the expected potential.
“For example, people buy e-cycles.” For example, people buy e-cycles In large quantities throughout Europe.
But in India, demand is very low when you consider high cost of more than Rs 30,000.
For ordinary people, we can reach prices around Rs 15,000 for e-cycles if the government provides subsidies under the FAME 2 scheme .
This will be a cycle that serves real bharat.
“The battery-powered cycle has The top speed is 25 kmpja, with an average range of about 40 km with a power filler.
The time to fill the battery is around three hours, the cycle can also paddle if the battery runs out.
While Hero built e-cycles in India, also produced upscale models in markets such as Slovakia and Germany in Europe due to the presence of a network supplier of good spare parts.
“If we don’t get benefits here, we will be forced to move most of our E-cycle production from India to other markets.
We have been producing abroad and will grow that number if the current situation continues.
In fact, we even buy from Bangladesh and Sri Lanka because they also have a better supply chain and the cost structure, “said Munjal.
For the requirements, the company produces around 4,000 e-cycle units every month at the factory in Ghaziabad (UP), 3,000 in Ludhiana (Punjab), while making 7,000 units in Slovakia and 1,000 in Berlin.
“The cycle industry and e-cycles have great support from the government throughout Europe, US and China,” Aditya Munjal, CEO Hero Lectro, said.
‘India lost manufacturing e-cycle to Europe, China’
