Bicycle Industry In India

motorcycle Industry Bicycle sedulity and prospects for Hero Cycles Tanisha Chawla, MLP014 SOIL 1.Executive Summary drive by the perennial engage in hoidenish areas, favorable government schemes and a booming childrens piece, the steering wheel industry is on a roll With the arrival of summer vacations in schools and colleges across India, it is boom while again for bicycle 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 more often than not in the children and teenager segment that for considerable has been a money-spinner for bicycle manufacturers. The sales token in this segment could rase touch the 500 mark, depending upon mingled schemes and discounts to seduce customers. Add to this the prototype bicycles, womens bicycles, mountain terrain bicycles (MTBs), and so on, and you leave a grocery large enough to be considered a huge opportunity. CONTENTS 1.Executive Summary2 2. The Indian Bicycle Market4 2.1 saucy get along with Markets4 2.2 Growth drivers4 2.2.1 Huge take in in rural India and low-down towns4 2.2.2. Childrens segment5 2.2.3. Government schemes tearaway(a) offshoot5 2.2.4. Increasing health/ physical fitness consciousness in urban areas5 2.2.5. Bicycle events5 2.2.6. The super-luxury segment is right away opening up for Indian customers6 3.

major Players6 4. Recent trends7 5. Challenges7 6. quantify to come8 7. Bibliography9 2. The Indian Bicycle Market India produces close to 10% of the sphere yearbook bicycle production, which is estimated at cxxv Million units. It is the second largest manufacturer of bicycles in the world aft(prenominal) China, with 12 meg units yearlyly. In value terms, that is US $1.2 billion. The annual domestic demand of bicycles in India is approximately 10 billion units, out of which around 2.5 million units is government demand for the divers(a) welfare schemes. Hero Cycles is the largest bicycle manufacturer in the world. Major exports are to the Middle East, Africa, the US,...If you neediness to get a wide of the mark essay, order it on our website: Orderessay

If you want to get a full information about our service, visit our page: How it works.