Bicycle Industry In India

motorcycle Industry cycle sedulousness and prospects for Hero Cycles Tanisha Chawla, MLP014 grime 1.Executive Summary drive by the perennial engage in hoidenish areas, favorable government schemes and a booming childrens segment, the round industry is on a roll With the arrival of spend vacations in schools and colleges across India, it is boom time again for steering wheel retailers. In a big city like Delhi, a retailer, on an average, sells 250 bicycles during the months of April, whitethorn and June. These are mostly in the children and stripling segment that for considerable has been a money-spinner for bicycle manufacturers. The gross sales figure in this segment could even touch the euchre mark, depending upon different schemes and discounts to seduce customers. Add to this the standard bicycles, womens bicycles, pickle terrain bicycles (MTBs), and so on, and you leave a market large replete to be considered a huge opportunity. CONTENTS 1.Executi ve Summary2 2. The Indian wheel Market4 2.1 saucy Age Markets4 2.2 Growth drivers4 2.2.1 Huge demand in rural India and small towns4 2.2.2. Childrens segment5 2.2.3. Government schemes driving offshoot5 2.2.4. increase health/fitness consciousness in urban areas5 2.2.5. Bicycle events5 2.2.6. The super-luxury segment is now opening up for Indian customers6 3.

study Players6 4. Recent trends7 5. Challenges7 6. Times to come8 7. Bibliography9 2. The Indian Bicycle Market India produces some 10% of the sphere annual bicycle production, which is estimated at cxxv Million units. It is the second l argest manufacturer of bicycles in the world! subsequently China, with 12 one thousand thousand units annually. In value terms, that is US $1.2 billion. The annual domestic demand of bicycles in India is approximately 10 million units, out of which around 2.5 million units is government demand for the various welfare schemes. Hero Cycles is the largest bicycle manufacturer in the world. study exports are to the Middle East, Africa, the US,...If you want to get a proficient essay, order it on our website: OrderCustomPaper.com

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