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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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Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
