[Newsbot]

Within a day of the announcement of the increase in fuel prices by Union government, the electronic-bike manufacturers have witnessed record sales in their bikes and received lot of enquiries for setting up dealers network across the country. "Hike in petrol prices is a positive development for the e-bike industry and we expect it will boost the sales of battery driven bikes by at least 5-10 per cent," Avon Cycles Senior Manager (Marketing), U S Dubey said.

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[Prasham]

Apart from petrol prices, june has been a good month for e-bike producers as schools / colleges generally start by mid to end june and main consumers of these e-bikes (currently) are students who generally purchase new bicycles and bikes during june.