Financial Daily from THE HINDU group of publications
Monday, Aug 08, 2005
Financial Daily from THE HINDU group of publications Monday, Aug 08, 2005 |
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Marketing
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New Products & Services Hyderabad co rolls out electric bike Our Bureau
The Chairman of Cynosure Enterprises Ltd, Mr M. Venkataiah, at the launch of the Yash eBike in Hyderabad on Sunday. — Mohammed Yousuf
Hyderabad , Aug 7 A CITY-based company has developed an electric bicycle that makes no noise or emits pollutants. It will be the most economical two-wheeler, costing just 30 paise for every kilometre. "It is as simple as switching on a bulb," said Mr M. Venkataiah, Chairman of Cynosure Enterprises Ltd. "But for the two wheels, nothing moves in it. Because there is no internal combustion activity, there is absolutely no noise," he said on the technology. Built on indigenous technology, the manufacturers are planning to commence sales in October. The bike offers 60 km of non-stop drive on a fully charged battery at speeds in the range of 25-30 km. Showcasing the first batch of "e-bikes" here on Sunday, Mr Mandali S. Rao, Director of Cynosure Enterprises Ltd, said the bike offered several other economic benefits. "It won't come under the Motor Vehicles Act and hence there is no need to pay road tax," he said. Declining to announce the price pattern, he said that it would cost much less than the scooterettes. The `Yash' series of bikes would have five variants — Pretty (180 watts), Docile (240W), Acute (350W and 600W) and Whiz (600W), catering to all segments of customers. Initially, each of these would be available in three colours. In the first phase, the company would sell the bikes in Andhra Pradesh before expanding to other States. "Battery-run two-wheelers are quite popular in Japan and Korea," he said. The company would invest Rs 5 crore and hoped to manufacture 1,500-2,000 bikes a month. "We are going to appoint 100 dealerships next month. We plan to start sales beginning the Vijayadasami festival," he said. Mr M. Venkataiah, who is also the Director (Technical) of Force Motors (formerly Bajaj Tempo Ltd), said the company would be setting up energy points to help customers.
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