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Top five electric cycle manufacturers in India
Mumbai: In India, electric cycles are becoming a hot trend for city dwellers. The green wave is driven by a perfect storm: rising fuel costs, a growing eco-consciousness, and initiatives that support e-bike adoption. E-bike production is booming, making e-cycles a potential game-changer for India’s transportation sector. Not only is this trend eco-friendly, but it also paves the way for exciting innovation and economic benefits.
Here are the top electric cycle manufacturers in India
DYNEM: DYNEM, India’s leading electric cycle gigafactory, produces over 500,000 e-cycles annually. It offers a wide range of e-bikes suitable for urban and off-road use, along with essential components like high-performance motors, LCD displays, controllers, and batteries. As a comprehensive supplier, DYNEM serves global e-bike companies seeking quality drivetrain solutions. India’s low import duties (0 to 2.5%) for European and American importers provide a competitive advantage, facilitating access to cost-effective manufacturing and legal anti-dumping options.
Hero Lectro: Hero Electro, distinct from its larger sibling Hero Electric which specializes in electric scooters, is a key player in India’s rapidly growing electric cycle market. While Hero Electric focuses on two-wheeled electric vehicles, Hero Electro carves out a niche specifically in electric bicycles, or e-bikes. This targeted approach allows them to cater to the unique needs of urban commuters seeking eco-friendly and efficient transportation solutions.
Tru-Bike: A young and impactful player in India’s e-bike revolution, Tru Bikes, established in 2020, has carved a niche for itself in Ludhiana, Punjab. This manufacturer stands out for its diverse offerings, encompassing adult e-bikes, e-mobility vehicles, and even premium kids’ bicycles. Tru Bikes combines innovation and quality, with a global reach that exports its products beyond Indian borders.
EMotorad: Dhoni-backed Pune’s EMotorad is leading the e-bike charge in India. They focus on affordability and cutting-edge tech for a wide range of riders. Their premium e-bikes cater to both eco-conscious commuters and adventure seekers, making them a key player in India’s sustainable transportation revolution.
NIBE Motors: Nibe Motors, a Maharashtra-based manufacturer, is a prominent name in India’s electric cycle scene. Established in Nashik, they’ve gained recognition and offer a range of e-bikes with features like robust build, ergonomic design, and ARAI (Automotive Research Association of India) approval. Their focus on domestic production positions them as a strong contender in India’s electric transportation revolution.
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Boeing appoints Barun as head of FP&A for global engineering function
Seasoned finance leader to steer budgets and strategy across global centres
BENGALURU: Boeing’s finance cockpit has a new pilot, and he is no stranger to turbulence or transformation. Boeing has appointed Barun as head of FP&A for global engineering, placing him at the centre of financial strategy for its worldwide engineering and technology operations.
Based in Bengaluru, Barun steps into a role that is as expansive as it is critical. He will serve as the primary finance lead for Boeing’s Engineering and Technology Centers globally, working closely with executive leadership to shape financial decisions, manage complex budgets, and design scalable finance processes that support the company’s growing engineering footprint.
In a note announcing his move Barun said, “I’m excited to share that I’ve joined Boeing Global Engineering. This opportunity is incredibly meaningful to me not just from a professional standpoint, but also for what Boeing represents globally.” He added that he looks forward to contributing to an organisation that continues to shape the future of aerospace and innovation.
Barun’s mandate spans strategic financial leadership, operational oversight, and stakeholder engagement. From directing large-scale budgets and schedules to influencing long-term organisational goals, the role blends financial discipline with business foresight. He will also lead cross-functional teams and partner with finance colleagues worldwide to support engineering programmes across geographies, including India.
The appointment caps a long stint at Juniper Networks, where Barun spent over a decade, most recently as finance senior manager. There, he led FP&A for global product business units and G&A functions, driving budgeting, forecasting, and long-range planning. He also played a key role in enterprise-wide transformation, including spearheading an Oracle to SAP ERP migration and building advanced analytics capabilities using tools such as Tableau and SAP Analytics Cloud.
His earlier career includes finance leadership roles at Sony India Software Centre, Cognizant Technology Solutions, and Mphasis, where he focused on financial planning, governance frameworks, and operational efficiency across global delivery centres.
A chartered accountant from the Institute of Chartered Accountants of India, Barun brings nearly two decades of experience across financial planning, digital transformation, and analytics-led decision making.
His appointment comes at a time when global engineering operations are becoming increasingly complex and distributed, requiring sharper financial oversight and agile planning. With Barun at the helm of FP&A for engineering, Boeing appears to be tightening its financial playbook as it looks to scale innovation with discipline.
