Royal Enfield electric bike update! Automaker waiting for right time to enter EV segment

Royal Enfield's parent firm Eicher Motors Managing Director Siddhartha Lal noted that the company is working on electric prototypes but does not plan to launch any product in the near future as it would wait for the market to develop for electric bikes.

New Delhi: Royal Enfield is not in a hurry to get into the electric vehicle segment and will wait for the right time to enter the space which is witnessing a lot of action in the country, Eicher Motors Managing Director Siddhartha Lal said on Thursday. Lal noted that the company is working on electric prototypes but does not plan to launch any product in the near future as it would wait for the market to develop for electric bikes. Currently, the share of electric bikes in the overall domestic bike sales remains negligible, he added.