Chennai, June 12: Tube Investments of India (TII), part of the Murugappa Group, today announced its venture into the eBikes segment.
TII Chairman M M Murugappan inaugurated the eBikes factory at Ambattur, with a production capacity of 100 eBikes a day in the low and high speed categories. These eBikes would be marketed under the BSA brand. Inaugurating the plant, he said ''the eBikes is presently a Rs 450 crore market in India and it is expected to double in a year's time. BSA's foray into the eBikes category helps us to expand our portfolio in the two-wheeler market.'' The eBikes would effectively combat the rising fuel prices and would be a preferred option among the youth of the present days, he said.
The Ambattur plant would have facility for painting, assembly and testing of eBikes. Key parts like motor, controller, battery, lamps, wheel discs, tyres and tubes have been sourced from reputed automotive vendors.
The low speed eBikes come with a top speed of 25 kmph and high speed models up to 45 kmph. The company would set up a dealer network with top quality service stations on the lines of the two-wheeler industry. Recharge points would come up in different parts of key cities.
No licence and registration would be required for low speed models. The eBikes protect the environment as it does not emit harmful gases like Carbon Monoxide or Nitrogen Oxide and run on re-chargeable battery and required 1/10th of running cost of the petrol driven two-wheelers.