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Lithuania , Co-ignacio , The-world , Bike , Most-cases , Bicycle-price , Cyclist , லிதுவேனியா , தி-உலகம் , உந்துஉருளி , பெரும்பாலானவை-வழக்குகள்

Bicycle demand expected to grow at decadal high of 20% due to pandemic-induced fitness awareness, says Crisil

Bicycle demand expected to grow at decadal high of 20% due to pandemic-induced fitness awareness, says Crisil
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Bicycle demand expected to grow at decadal high of 20% due to pandemic-induced fitness awareness, says CrisilBy
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Synopsis
In the five fiscals through 2019, bicycle sales volume logged a modest compound annual growth rate of ~5%. In fiscal 2020, it contracted a massive 22% as government purchases plunged and a large bicycle manufacturer downed shutters. However, last fiscal saw a turn for the better.
AFP
Overall sales growth this fiscal will support the profitability of bicycle makers, Crisil says.
India’s bicycle industry is pedalling to a decadal-high demand growth of 20% this fiscal, with sales likely to touch 1.45 crore units compared with 1.2 crore units last fiscal. The ongoing Covid-19 pandemic has spurred demand for bicycles owing to improving fitness consciousness and leisure requirements, said ratings agency

India , Rakshit-kachhal , Nitesh-jain , Ratings-ltd , Associate-director , Covid , Vaccine , Indian-economy , Bicycle-price , Crisil , Bicycle-industry , இந்தியா