One of India's leading bicycle makers - Hero Cycles, has cancelled an upcoming Rs 900 crore deal with China as part of its commitment to boycott Chinese products. As per Chairman-cum-Managing Director (CMD) Pankaj Munjal, the company was scheduled to conduct a Rs 900 crore business with China but has cancelled those plans.
Leading bicycle maker Hero Cycles on Monday urged the government to reduce GST on bicycles from 12 per cent to 5 per cent ahead of the Union Budget to revive demand in the rural markets.
The company will use already existing distribution network through UK-based Avocet Sports, which it acquired in 2015, to make the product available in Britain and the EU, Hero Cycles said in a statement.
Ludhiana: O.P. Munjal, who began modestly and finally became the father of India's cycle industry with his iconic Hero Cycles, died here on Thursday, family sources said.The 86-year-old Munjal was admitted to the Hero Heart
Ludhiana: Industrialist Om Prakash Munjal, Chairman Emeritus of world's largest bicycle manufacturer Hero Cycles and one of the founders of the Hero Group, passed away today after brief illness.Munjal (87) breathed his last in the
New Delhi, Feb 21: Hero Cycles said it has forayed into the premium bicycle market by launching a new product -- Red Dot -- priced at Rs 43,000. The world's largest bicycle maker has introduced
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