Fuel price hike results in increased sale of e-vehicles
By ANI| Posted by Sakina Fatima | Published: 3rd March 2021 1:48 pm IST Representational Image
Ludhiana: With the fuel price hike, e-cycle, e scooter and e-rickshaw sale has increased in the last two-three months, one of the directors of Avon Cycles, Omkar Singh Pahwa said on Wednesday.
“Our company is growing at a pace of 15 per cent to 20 per cent every year in the sale of e-bikes and e-vehicles, especially after the fuel price hike. That bike is a great option to avoid traffic in big cities, the reason people are preferring e-bike. If the prices of petrol and diesel will keep going up, the market of the bike will get double in the coming time. This will benefit the industry immensely,” Pahwa told ANI.
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