According to reports, Royal Enfield is designing several electric vehicle prototypes and testing them in India and other countries.
Royal Enfield has a different style in the Indian market. Customers who want to buy Royal Enfield bikes in India want to refrain from giving any concessions. The reason for this is the absence of competitors for Royal Enfield in the 350cc and 500cc segments. The company is now preparing to enter the electric two-wheeler market. Additionally, the business is testing EV prototypes worldwide, especially in India. The business expects to introduce its first electric bikes by 2025. Hero MotoCorp has recently expanded the market for electric two-wheelers.
Royal Enfield Will Invest 2,000 Crore In The Next Five Years
RE will add several electric bikes in India and in its premium motorcycle lineup. The corporation is researching this area but has yet to finalize its EV investment program. Eicher Motors, the brand’s parent firm, and the champion OEM category of Centre’s Production Linked Incentive Scheme (PLI) have applied for the program. The corporation claims to have made significant investments in the EV industry in the last six to eight months. The corporation will invest Rs 2,000 crore during the next five years.
Siddharth Lal Indicated EV Revolution
The introduction of the Hunter 350 raised the issue of Royal Enfield EVs. Siddharth Lal, Managing Director of Royal Enfield, had said that he would soon introduce an electric Royal Enfield model during the launch of the Royal Enfield Hunter 350 in August.
According to Siddharth Lal, the first Royal Enfield will not be available for 3-4 years. Though Royal Enfield is working on an EV and has a comprehensive plan in mind, they claimed there is no time frame for it. The wait for the Royal Enfield Electric model has been going on for four years. During this time, many changes will be seen in the EV market. The business is developing its batteries.
There Will Be Many Improvements In Battery Technology
Royal Enfield is working on various projects, but according to Siddharth Lal, more still needs to be finalized. Making an EV with performance comparable to their 350cc or 650cc platform would be expensive because enough energy is needed to produce 20 to 30 horsepower from a battery pack. Battery technology needs to be enhanced. India needs to start domestic battery production to reduce battery prices.