Brands
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.
Brands
Reliance Retail FY26 revenue rises 11.8 Per Cent to Rs 3.7 lakh crore
Q4 revenue up 11.1 Per Cent, hyperlocal orders surge 4x, PAT steady
MUMBAI: Reliance Retail isn’t just ringing up sales, it’s ringing doorbells faster than ever. Reliance Retail Ventures Limited (RRVL) reported a steady FY26 performance, with growth powered by store expansion, a sharp surge in hyperlocal commerce, and consistent traction across grocery, fashion and jewellery. For the full year, revenue rose 11.8 per cent year-on-year to Rs 3,70,026 crore. In the January–March quarter, revenue from operations climbed 11.1 per cent to Rs 87,344 crore, up from Rs 78,622 crore a year earlier.
Operating performance remained stable, with Q4 EBITDA inching up 3.1 per cent YoY to Rs 6,921 crore from Rs 6,711 crore. However, quarterly profit after tax held steady at Rs 3,563 crore. For the full fiscal, PAT grew 11.7 per cent to Rs 13,842 crore.
Expansion remained a key lever. RRVL added 1,564 new stores during FY26, while simultaneously scaling its digital and hyperlocal commerce play. The latter emerged as a standout, with daily orders surging more than fourfold year-on-year in Q4, underlining a clear shift towards faster, localised fulfilment.
In grocery, large-format stores maintained momentum, aided by festive demand and the expansion of Smart Bazaar, which crossed 1,000 stores. Promotional campaigns such as ‘Full Paisa Vasool’ delivered record results, with sales rising 26 per cent YoY.
Digital commerce also picked up pace. JioMart added 5.8 million new users in Q4, nearly doubling its registered base year-on-year. Hyperlocal orders grew 29 per cent sequentially and over 300 per cent annually during the quarter.
Fashion and lifestyle saw steady traction. Ajio recorded a 23 per cent YoY rise in average bill value, while fast-fashion platform Shein crossed 11 million app installs, scaling rapidly with expanding product lines.
The jewellery business added further shine, with average bill value jumping 53 per cent YoY, largely driven by rising gold prices and sustained consumer demand.
Commenting on the shift, RRVL executive director Isha Ambani said hyperlocal commerce has become a structural growth driver, with orders rising more than fourfold over the year.
Looking ahead to FY27, the company is betting on technology to deepen engagement. The focus, Ambani noted, will be on AI-led merchandising, sharper pricing strategies and disciplined execution turning scale into sustained customer value.
In short, the carts are fuller, the clicks are quicker, and the next phase looks less about reach and more about precision.
