Bengal to get new factory for production of e-bicycles with an investment of Rs 25 cr
Kolkata: United Group, an export house operating from Falta Special Economic Zone in Bengal, is setting up a new factory for the production of electric bicycles with an investment of Rs 25 crore. The company plans to roll out e-bicycles in the next three to four months from this new unit. The catalogue for the entire range of the e cycles was inaugurated by Deputy Mayor Atin Ghosh on Tuesday.
"Environment friendly bikes and cycles are the need of the hour with vehicular pollution posing a serious health hazard in a city like Kolkata. The e-bicycles are being produced using advanced technology to ensure that they have good longevity," Ghosh said.
The e-bicycles which will be powered by advanced lithium ion battery and high-tech motors will be greatly beneficial for those interested in adventure sports with cycles. "Adventure sports with bicycles are very popular in Europe and is evoking great interest among the young generations in the country and Bengal too," said MD of United Group Subir Ghosh.
People from the urban areas are the prime target for these e-bicycles whose price will be in the range of Rs 10,000 to Rs 3,000.
The company has set a target of producing such e-cycles worth Rs 50 crore in the first year since its inception.
United Group that already has its manufacturing unit at Falta exports bicycles mainly to Europeon countries such as Poland, Germany, Sweden, Finland, Italy, Spain , Holland, Slovenia to name a few and also in Indian markets. The company has recently completed the tender of Delhi Police for MTB bicycles custom built to their colour choice, specification and logo. The first lot of 700 will be used as a green pollution free endeavour of Delhi Police.