Subsidy on electric bikes likely by next year
- Myanmar says operation on militants was on Indian side of border
- Somnath Bharti's wife accuses him of domestic violence, DCW issues notice
- Debt-stressed Punjab farmer, who met Rahul Gandhi, commits suicide
- Jitender Tomar did not graduate from our varsity: RML Awadh University
- Railways staggers tatkal booking to ease pressure, upto 50 pc refund on cancellation
Electric bikes are set to get a boost as the government plans to announce subsidy on electric bikes by next year. The move is aimed at reducing India's carbon emissions from petrol/diesel-run vehicles.
Naveen Munjal, MD of Heroeco tech said, "Already this proposal has been cleared by seven ministries and we are expecting a final clearance by next year which will thus bring the prices of vehicle down. Ministry of heavy industry, national council for electric mobility and many others have given a green signal on this demand."
Heroeco's e-Bike costs Rs 28,000. Though it is gaining popularity in Delhi and other states, the cost factor is a hurdle in making it available widely.
Vijay Munjal, Group Chairman, Heroeco added, "Apart from the e-bike even the awareness regarding riding a bicycle is also increasing. This is the reason that sale of fancy bicycle models which are in the price range of Rs 25,00- Rs 10,000 is increasing on an average by 30 per cent per annum."