Bicycle Industry In India

motorcycle Industry Bicycle pains 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 bike industry is on a roll With the arrival of summer vacations in schools and colleges across India, it is boom quantify again for round retailers. In a big metropolis 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 moneymaker for bicycle makers. The sales simulacrum in this segment could tear down touch the 500 mark, depending upon confused schemes and discounts to seduce customers. Add to this the measuring stick 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 mature Markets4 2.2 Growth drivers4 2.2.1 Huge charter in rural India and slim towns4 2.2.2. Childrens segment5 2.2.3. Government schemes driveway 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 directly opening up for Indian customers6 3.

major Players6 4. Recent trends7 5. Challenges7 6. clock to come8 7. Bibliography9 2. The Indian Bicycle Market India produces or so 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 by and by China, with 12 zillion units yearlyly. In value terms, that is US $1.2 billion. The annual domestic demand of bicycles in India is approximately 10 one million million million 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 demand to get a wax essay, order it on our website: Orderessay

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