Eventhough there was a boom in the sales of the electric bikes in India, its cost is expected to go higher as in the recent past. The main reason behind this sudden increase is due to the decrease in the value of Rupee.
The increased price was established by the month October. With new cost ranging from 26k to 40k according to its specification and models, E-bikes are facing a fall in its sales.
Most of the two wheeler makers import the parts like batteries, motors etc. and thus with the weakening rupees, price of E-bike tends to rise.
People were attracted to E-Bikes due to the hike in the prices of fuels. Since the fuel prices are still high, the Electric bike manufacturers are confident of growing their market in the near future, without caring the small hic-ups they are currently facing.
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