Indian Automotive Industry

[Capt M Kumar]

<!--emo&:ind--><img src='style_emoticons/<#EMO_DIR#>/india.gif' border='0' style='vertical-align:middle' alt='india.gif' /><!--endemo--> Gaurav Munjal, Deputy Chief Executive, Hero Cycles Ltd., says: “I think there is a huge potential for e-bikes because of it is economical. Their running cost is only 10 paise per kilometer while the scooter or motorbike costs around one rupee per kilometer. It is value for money.”

Munjal added: “They are safe. You can travel at 25 km per hour. You do not require license, registration and do not have to pay road tax. But, we recommend a helmet for safety.”

http://news.in.msn.com/business/article.as...umentid=1652786