E-Cycles market surge due to fire in petrol and diesel prices, demand is increasing

The skyrocketing prices of petrol and diesel are continuously breaking records. The common man is distressed by the rising prices of petroleum fuel, as it has a direct impact on his pocket. Food and drink is getting expensive. In such a situation, people are now looking for alternatives to petroleum fuel vehicles.

People are now turning to e-bicycle leaving bikes or scooters. The market of electric bicycles is buzzing due to increasing demand.

Ludhiana of Punjab, which is called the hub of cycling, is now seen riding on e-bikes. Here the work of making e-cycles is being done in bicycle factories.

Abhishek Munjal, director of Hero Cycles, says that the trend of short-distance e-cycling in India has been steadily increasing. Because of this, they tell the rising prices of petrol-diesel. He said that last year he had sold 30,000 electric bikes. The demand for e-bikes is expected to increase by 100 percent this year.

Managing Director of Avon Cycles Omkar Singh Pahawa said that the demand for e-cycle has increased by 10-15 percent in the last two months due to an increase in prices of petrol and diesel.

Petrol-Diesel Prices

Diesel and petrol prices are at record highs. According to Indian Oil Corporation Limited (IOCL), the price of petrol in New Delhi is Rs 91.17 per liter and diesel is priced at Rs 81.47 per liter. Petrol price in Mumbai is Rs 97.57 per liter and diesel is being sold at Rs 88.60 per liter. Petrol is being sold in Kolkata at Rs 91.35 and diesel at Rs 84.35/liter. The price of one liter of petrol in Chennai is Rs 93.11 and diesel is 86.45 rupees/liter.