A century-old European bicycle brand gets a makeover under its new Indian owner. But is there room for yet another premium commuter bike?
Munjal firm dismisses allegations, says it aborted deal as 'closing conditions' were not fulfilled
According to industry estimates more than 70 per cent of motorcycles are bought through financing schemes.
The world's largest bicycle maker, Hero Cycles, on Monday said it plans to enter the US market by the end of this year, for which it is close to signing up with a local partner.
Johnson, 56, a known cycling enthusiast, was seen riding on a Hero Viking Pro bike to Canalside Heritage Centre at Beeston in Nottingham, central England, on Tuesday when he unveiled plans for thousands of miles of new protected bike lanes, cycle training for everyone and bikes available on prescription as part of a new fitness strategy.
Easygoing and affable, he was the quintessential relationships man.
Breaking the near monopoly of Chinese bicycle manufacturers, the Pankaj Munjal-promoted Hero Cycles has clinched an agreement with Walmart, the world's largest retailer, to supply bicycles across the world. It will supply bicycles priced at $200 (roughly Rs 10,000) apiece.
The soaring prices of metals like lithium, nickel and cobalt, which are the primary constituents of the cell, as well as supply chain bottlenecks, are also pushing up the cost of batteries
While traditional automakers in India are reeling under a global shortage of semiconductors, the country's electric vehicle (EV) makers, too, are now facing a shortage of lithium-ion batteries, a key raw material. The soaring prices of metals like lithium, nickel and cobalt, which are the primary constituents of the cell, as well as supply chain bottlenecks, are also pushing up the cost of batteries. Battery manufacturers say that prices have been increasing every quarter since the beginning of 2021.
Hero Cycles, part of Rs 11,000 crore Hero Group conglomerate, is now all set to foray into 'mini motor cycle' segment with the launch of engine-driven bicycle 'Cyclomoto' next month.
Here are the best models in the market right now.
B M Munjal positioned motorcycles as more fuel efficient than scooters, which struck a chord with the cost-conscious Indian buyers.
Hero Exports, a part of Hero Cycles, on Tuesday launched two premium electric bike models in Maharahstra.
Anand Mahindra, vice chairman and managing director of Mahindra and Mahindra, took over as the president of the Confederation of Indian Industry on Tuesday.
Naukri.com's Hiring Outlook Survey for 2020 reveals the jobs and sectors that saw a surge in demand during the pandemic.
Hero Exports, the international trading arm of Hero group, has opened shop in China to source cheap bicycle components for exporting it to developing countries, a senior executive of the company said.
Recognising the importance of small scale entrepreneurship, Prime Minister Manmohan Singh on Monday lauded Brijmohan Lall Munjal of the Hero Group, which has emerged the world's largest two-wheeler manufacturer.
Businesses across the world consider efficient delivery of shipments to be a growth driver, and IoT-based start-up Roambee fills this need with real-time reports to businesses using tracking data.
The country's leading players will be seen in action at the Hero Golf Chandigarh Open 2003.
We could be on the brink if our export industries actually start losing jobs, says Shreekant Sambrani.
The girl lending the helping hand won her hearts and accolades, with Hero Cyles taking special note.
Sunil Munjal will pursue new business interests and lead Hero Corporate Services as its chairman.
The wheels turn for bicycles, as manufacturers go back to the basics. After motorised two-wheelers overtook cycle sales in the country, manufacturers are focusing on commuter segment again and reviving entry-level cycles.
Companies are sending representatives to Bihar, UP, Jharkhand and Odisha to persuade workers to join them.
Come May, the Deltin Royale, which boasts of the country's largest poker room, will play host to India's first Poker Sports League.
Brijmohan Lall Munjal, 92, who recently became chairman emeritus of Hero MotoCorp, single-handedly rewrote the rules of the motorcycle business
Biggest contribution came from Bharti group-led Satya Electoral Trust.
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