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India should target to be the largest bicycle market globally: Gadkari


India should target to be the largest bicycle market globally: Gadkari
April 13, 2021
National Highways to have cycle-ways near cities, says Gadkari
Indian bicycle industry, which is the second largest in the world, should eye capturing the global market, which is currently dominated by China, said Road Transport and Highways Minister Nitin Gadkari while speaking at virtual launch event of Hero Group’s cycle factory at Dhanansu, Ludhiana on Tuesday. The factory, also called the e-cycle valley, is an export-oriented unit with orders booked till 2023.
From the global market, Indian bicycles account for one per cent by value and 15 per cent by volume, of the market, said Gadkari adding that there is a need to change this with quality bicycles. National Highways will have cycle-ways (cycle lanes) in areas where they enter the cities, Nitin Gadkari announced in a move that will promote cycling in the country – encouraging a healthier, pollution free, cost effective ....

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India's Hero Cycles taps its global aspiration with London


India s Hero Cycles taps its global aspiration with London
Image by Michael Gaida from Pixabay
India s Hero Motors Company (HMC) Group on Tuesday announced plans to set up a new international headquarters, Hero International (HIT), in London as part of a push towards expanding Hero Cycles overseas business and strengthening its global presence.
The company said HIT is aimed at bringing HMC s European businesses under one umbrella and giving its electric bike business a major boost worldwide.
The new HQ will unify HMC-owned European businesses, including HNF GmbH in Germany and Insync Bikes in UK, as part of a long-term vision to grab an increasing share in the lucrative e-bike market growing at an exponential pace in Europe. ....

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India's Hero Cycles to set up new global hub in London


India s Hero Cycles to set up new global hub in London
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Last Updated: Mar 16, 2021, 11:04 PM IST
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Synopsis
India s Hero Motors Company (HMC) Group on Tuesday announced plans to set up a new international headquarters, Hero International (HIT), in London as part of a push towards expanding Hero Cycles overseas business and strengthening its global presence.
Agencies
India s Hero Motors Company (HMC) Group on Tuesday announced plans to set up a new international headquarters, Hero International (HIT), in London as part of a push towards expanding Hero Cycles overseas business and strengthening its global presence.
The company said HIT is aimed at bringing HMC s European businesses under one umbrella and giving its electric bike business a major boost worldwide. ....

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