| Electric bikes are constantly growing in India these | | | | non-standard for Indian vendors. This discouraged the |
| days. Entrepreneurs are optimistic in this business, | | | | vendors to work in developing them as they are |
| despite the low sales trends. In India, there are more | | | | pessimistic about E-bike business as a whole. This |
| than 40 e-bike companies manufacturing electric bikes. | | | | forces the OEM to import which increases the cost of |
| Almost all companies importing electric bike parts in | | | | the e-bike. Increase in cost reduces the motivation in |
| completely knocked down (CKD) kits from countries | | | | costumer to buy. Hence it requires the initiation to build |
| like China, Taiwan and assembling in India and selling in | | | | this business and everybody should be part of it. |
| India. | | | | With this introduction of importance of the |
| Being keen about product quality & market | | | | indigenization, we will discuss the various business |
| capture, Indian companies are currently concentrating | | | | opportunities associated with e-bikes. |
| on | | | | Various parts of electric bikes & related business, |
| 1. The dispatch of quality CKD kits at vendor end to | | | | can be classified as follows |
| reduce the inline quality issues. | | | | 1. Sheet Metal & Tubular parts - Chassis, Front |
| 2. Investing in R&D and indigenizing the e-bike | | | | fork, Handle bar, Swing arm, Centre stand, side stand. |
| components and developing them in India. This helps | | | | 2. Plastic & PP parts - Front mould, Side covers, |
| the manufacturers have a better control over quality. | | | | Handle cover, Seat, Side lower covers, etc. |
| Some companies developing e-bike dealers & | | | | 3. Drive train parts - Electric Motor, Power Electronic |
| service equipment manufactures. | | | | controller, Batteries, Charger, DC-DC Converter. |
| 3. Good after sales service. The whole e-bike | | | | 4. Electric & lighting accessories - Head lamps, |
| technology is new, the more the company cares its | | | | Indicator lamps, Buzzer, Horn, Wire-harness , |
| costumers more goodwill it gains. | | | | Connecting sockets, etc. |
| E-bike business in a nascent stage, there are many | | | | 5. Miscellaneous parts - brake levers, Electronic |
| business opportunities are seen for coming years. | | | | accelerator (Throttle), Switches, Speedometer, etc. |
| Taking E-bike manufacturing into consideration, there | | | | 6. Dealer and service equipments - Hydraulic tools, jigs, |
| are companies like Hero electric, Ampere Vehicles pvt | | | | ramps, dealer test equipments for electrical |
| ltd, Ultra Motors ltd, Lectrix Motors Ltd, TI and many | | | | components, etc. |
| more establishing themselves into this business. Hence, | | | | The above list goes on and on. The objective in |
| no company yet captured this business. This simply | | | | classifying & listing the parts is to show that a |
| means that still there is a scope for a newbie to come | | | | business opportunity lies in making each of the above |
| and stand in the business of manufacturing electric | | | | parts. Almost 60% of the above parts are same as |
| bikes. | | | | that of convectional automobile parts but with some |
| During my work experience of 4 years in this electric | | | | dimensional change. It is true that a lot of R&D is |
| bike R&D; my team was tired of looking for | | | | required to develop a good quality and suitable product |
| vendors who can make a single e-bike part in India. As | | | | but it starts with the initiation from every entrepreneur. |
| these parts are imported from outside, they are of | | | | |