Royal Enfield plans to launch its first electric bike in two years
Eicher Motors, the manufacturer of the Royal Enfield (RE) bikes, is planning to introduce its first electric bike in India in the next two years, The Economic Times (ET) has reported. Managing Director Siddharth Lal said that the company will install a production facility of 150,000. The production of this first RE electric bike will be started in a modular fashion, Lal said.
Notably, RE dominates the premium motorcycle market in India with a dominating share of about 90 per cent. The company said that it has constituted a commercial team to look for the market requirements for its first electric motorcycle, the report added.
