Indian bicycle maker Hero Cycles has delivered its first batch of Made in India e-bikes of around 200 units to Germany.

Hero International, the unit of the company that targets the EU market, aims to achieve an organic revenue of up to EURO 300 million by 2025 and inorganic revenue EURO 200 million, HT Auto reported. 

"The shipment marks a step forward to establish HMC (Hero MotoCorp) as the largest fully integrated e-bike company in Europe," the company was quoted as saying in the report.

The company underscored that its last batch of e-bikes to Europe overcame the supply chain disruption caused by Covid-19.  The e-bikes supplied to Germany were under the HNF brand of Hero International.

The company said that the disruption in bicycle chain supply marked, with dwindling supplies and increase in lead time for components, had intensified the demand for bikes and e-bikes.

Hero Cycles has a manufacturing capacity of 6 million bicycles per annum with factories in Ludhiana, Punjab, Ghaziabad, UP and Bihta, Bihar.

It also has a manufacturing unit in Sri Lanka and a design centre in the UK.

The company also owns Firefox Bikes in India, UK-based Avocet Sports and Germany-based HNF. (SAM)