Cynosure Enterprises Ltd has tied up with a Chinese
company, Zhejiling Changton, to launch a battery-operated
three-wheeler and a motorbike in the next few months.
The company also launched an advanced version of its
two-wheeler Yash Docile Plus - which can run
about 60-80 km on charging the battery at a cost of
a subsidiary of the Mumbai-based Mobile Telecommunications,
had launched the battery-operated two-wheeler, Yash
Docile, last year. Cynosure''s present models, which
do not require the Road Transport Authority (RTA) registration,
are priced at Rs 29,500.
Changton is the largest manufacturer of ebikes in China
, according to A.B. Vedmehta, chairman and managing
director of Mobile Telecom.
Cynosure has set up an assembly chain to indigenise
the battery-operated vehicles (ebikes), which will arrive
in a CKD (completely knocked down) form from the Chinese
company. The company is planning a manufacturing facility
for batteries, the key component of the vehicle, at
company has set a second assembling unit at Jaipur (Rajasthan)
and a third unit is coming up at Nashik (Maharastra).
The company will also have nine assembling units across
the country by the end of the current fiscal, said the
company''s managing director Mandali Srinivasa Rao.
plants, with capacity to assemble 3,000-5,000 vehicles
per month, would involve investment of about Rs5-8 crore
each. The expansion is proposed to be funded through
internal accruals and other sources, Rao said.
Rao said that in the first nine months, the eco-friendly
Yash ebike logged sales of 6,000 units. The dealer network
had been expanded to eight states and would spread further.
The expected demand for electric vehicles in India in
2007-08 was around 1.5 lakh.
about 22 companies have so far applied for selling battery-powered
vehicles, only a couple of them, including Ecobikes,
is currently into electricity- powered bicycles and
scooters in the country.