Business Daily from THE HINDU group of publications
Friday, June 13, 2008 ePaper | Mobile/PDA Version
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Business Daily from THE HINDU group of publications Friday, June 13, 2008 ePaper | Mobile/PDA Version |
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Update at 1400 hrs (IST)
Corporate Tube Investments forays into e-bike market CHENNAI: Bicycle manufacturer Tube Investments of India (TI) has forayed into electric bikes market with launching three models. Priced in the range of Rs 23,000 to Rs 36,000, the e-bikes would be marketed under the BSA brand, a company executive said o n Friday. The low speed e-bikes would have a top speed of 25 kmph and the high speed models could run up to 40 kmph, he said, adding that the bikes would be manufactured at the company's Ambattur unit. The new manufacturing unit, set up at a cost of Rs 20 crore, was inaugurated yesterday (June 12), he said. It would have capacity to produce 100 bikes per day. The first bike would hit the market in September and the company planned to sell 4000 to 5000 e-bikes every month. Considering ever increasing cost of petroleum products and no necessity for driving licenses up to 250 watt e-bikes, TI cycles was expected to make a dent in the Rs 450 crore e-bike market in the country, the executive said. - PTI
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