The India based Munjals group Hero has launched the country’s first ever high-speed electric bikes. Priced at Rs37,400/ the initial launch is in UP followed by other cities in the country. E-Spirit, christened as the bikes rides out, the vehicle will meet the norms of environment protection and the budget of the buyers. With the single charge, the vehicle will run upto 65km at a maximum speed of 45km/hour.
The company seeks VAT exemption from the UP government on the grounds of environment pollution safety. 11 governments have offered VAT exemption for this vehicle in the country.