TI Cycles launched Montra E-Bicycle
TI Cycles (Tube Investments of India) a Chennai based Murugappa Group company that specializes in engineering, bicycles, metal formed products, and chains has launched its first electric bike which is designed for shorter commutes. It is the maker of popular cycles such as BSA, Hercules, montra. The electric bicycle comes at an affordable price of Rs.27,279. It is the most lightweight electric bicycle with alloy frames which makes it easier to manoeuvre.
TI Cycles Montra E-Bicycle
The Montra bike brand of TI cycles of India aims to remove the dependency on public transport for shorter commutes. While we look for its features it comes with an alloy frame and a dual-mode that allows the user to shift between manual and electric mode as per their convenience. It comes with an electric braking system which ensures effective and smooth braking as it cuts off the motor power upon application of brakes.
The electric bicycle on average will run at the rate of 7 paise per km while reducing the individual carbon footprint and also saves a lot of time that we invest in waiting for public transport. While we look for its technical terms Montra e-Bikes will provide a range of up to 30 km in a single charge and up to 25 km/h of maximum speed. These e-bikes will be available all over India.
Mr Vellayan Subbiah, MD, Tube Investments of India said, “The Short distance commute segment is dependent on choice and availability of public transport for most of us. With the launch of Montra E-bicycle, we want to give our customers independence from the waiting period as they ride to their destination. With electric being the future of mobility, e-bicycle shall become the most after sought mobility solution among the urban commuters,”
“Recent research suggests that India’s e-cycles market is projected to grow to USD 2.08 million by 2026 at a CAGR of 12.69 per cent, which is significantly huge and untapped potential. As a brand, Montra has always been a customer-centric brand – from being the first ones to use a carbon frame in the cycles in India to make the electric cycles lightweight today for rapid, smooth, and easier transportation. With our new Montra E-bicycle product offering, we are sure to expand our family of customers, who are looking for quality and short distance everyday commute.”
TI Cycles aims to promote the use of electric bikes to cut down the carbon emissions and also the users can travel to longer distances without exerting themselves as compared to manual cycles. Montra E-bicycles wants to encourage the youth to be a part of the future. Tube Investments to launch electric 3 wheeler passenger vehicles in India
Recently, Tube Investments of India (TII) announced that will make its entry into the electric mobility space by launching electric three-wheeler passenger vehicles by March 2022. It is gearing up for a new growth curve with a CAPEX of ₹200-250 crore in FY22 that will be spending on electric three-wheeler vehicle projects and other expansions, and an aggressive focus on exports of bicycles. The company plans to manufacture and sell electric three-wheelers. It is working on launching its electric three-wheelers this fiscal.
“Progress continues on the electric vehicle project front. Obviously, things have been slightly delayed due to Covid. Our initial plan was to try and launch it in the fourth quarter of this financial year. We are still working towards those targets, but it might get pushed out because we have had several delays due to Covid in this last quarter,” Vellayan Subbiah, Managing Director, Tube Investments of India said.
https://www.murugappa.com/media/l3bnynfw/press-release-launch-of-montra-e-bikes.pdf
Also read related article: Best electric cycles in India 2021
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