Eicher posts record profits, readies to roll out first e-bike

New Delhi: Mid-weight motorcycle maker Royal Enfield is looking at introducing its first electric vehicle in the next two years and will install production capacity of 150,000 units to roll out electric two-wheelers, which will be commissioned gradually in a modular fashion.

The company said it has recruited a commercial team to assess market requirements for its first electric motorcycle. Siddhartha Lal, managing director, Eicher Motors, said, “We are testing the prototype and will bring in a disruptive product. We have put together a team to look into the commercial side of this business. Our product is two years out.”