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Hero Cycles in talks with Slovakia company for e-bike facility
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Synopsis
The company is in advanced negotiation with a bike maker in Slovakia for a partnership or an alliance which will give the company a footprint to cater a very significant demand emanating out of Western Europe, especially post Covid.
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Hero Cycles, India’s largest bicycle maker, is in talks with an e-cycle maker from Slovakia to set up an international manufacturing base as it looks West eyeing sales of half a million electric bicycles in the next two years and become a leading player in the segment and generating a bulk of its revenue from sales in Europe.