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Thursday, June 30, 2022

Hero Cycles


Hero Cycles aims for 20% global market share by 2024, says its Cycle Valley production to start in Dec

August 06, 2020 10:51 am

The company which owns a 43 per cent share in the Indian market and 11 per cent share in the world has so far produced 167.35 million units of bicycles.

Plans to do business with China worth Rs 900 crore shelved, says Hero Cycles

July 04, 2020 1:00 pm

Hero Cycles' Chairman-cum-Managing Director (CMD) Pankaj Munjal announced on Friday that the company had shelved their plans as a commitment to boycott Chinese products.

Green shoots: Hero Cycles rolls out its first consignment from Ludhiana, Bihar units

May 12, 2020 3:26 pm

Hero rolling out its first consignment has sent positive signals in the industrial hub as hundreds of small units are dependent on the company.

A bicycle kick

July 01, 2018 12:18 pm

India’s largest cycle manufacturer is bringing down the price of the country’s largest-selling model, roadster, to produce “the cheapest bicycle”. The industry is worried, but with demand low and China threat looming, is the Hero Motors move only way to break the cycle?

Hero Cycles plans to hike stake in Sri Lankan bicycle plant

May 29, 2018 5:48 am

BSH Ventures is an export-oriented firm located in the Biyagama Export Zone of the island nation.

Country’s cheapest bicycle to be priced at Rs 1,999, says Hero Cycles

May 21, 2018 7:46 am

Hero Cycles has not yet announced a launch date. In a statement, Munjal said, “the upgraded Roadster will have a technologically advanced steel frame that will enable 50 per cent higher load-carrying capacity.

Slash in prices: Industry divided over Hero’s plan to launch cheapest bicycle

May 17, 2018 12:57 am

On April 25, at a meeting of United Cycle & Parts Manufacturers Association (UCPMA), Pankaj Munjal, MD of Hero Motor company is learnt to have announced that in the next 60 days, the company will be slashing prices of black roadster bicycle by Rs 500.

‘Piracy of design’: Hero Cycles files lawsuit against Avon

May 16, 2016 2:22 am

The lawsuit was filed a month after Hero Cycles issued a cease and desist notice to Avon, cautioning the latter against Intellectual property rights (IPR) violation practices.

Hero acquires Firefox Bikes, eyes premium cycles market

September 18, 2015 2:25 am

Firefox Bikes is the largest brand in the country’s premium cycles segment.

Ludhiana remembers O P Munjal, the entreprenuer, friend and lover of arts

August 13, 2015 7:48 pm

O P Munjal was philanthropist, a spontaneous poet with a love for Urdu language and a patron of art and culture.