The Public Sector Oil companies has increased the petrol prices by Rs.2.5 recently. Petrol prices has increased by Rs.10 in last 7 months which is nothing but 22% increase. This is a threat to our economy and automobile sectors. Interestingly this outcome has given a great opportunity for electric vehicle sector to stand and speak their advantages i.e. noiseless, smoke-free drive. Currently the total e-bike industry in India constitutes of less than 5% of automobile sector and looking for a positive market trend. No doubt this is an optimistic change for electric vehicle industry who are looking for a break in their slow moving business.
A day after petrol prices were hiked by an all-time record of Rs 7.50 per litre, leading car makers Maruti Suzuki, Tata Motors and Hyundai Motor today announced discounts of up to Rs 50,000 on petrol models for a limited period.
Impact on Cars and bikes
Cycle is better to ride , No need of Petrol
Tags: Petrol Hike, Impact on bikes, Impact on cars and Bikes, Petrol price hike.
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