Project Reports
Bicycle, Bicycle Industry, Bicycle Parts, Bicycle Assembling, Tyres, Tubes, Bicycle Components, Spares and Bicycle Accessories Projects
Bicycles continue to be the principal mode of transport for the low and middle income families. This is because the bicycle is both environment and people friendly.
India is the largest producer of bicycles next only to china. It Produces around 1.26 crore bicycles every year; with almost each day witnessing new designs, colours and features. Today, the Indian bicycle manufacturing and bicycle parts industry is widely recognized for its quality standards in the international market.
Considering the rising fuels costs and pollution, the bikes are considered ideal. These can be maintained at low costs. The Indian bicycle industry over the years has introduced a variety of new models of bicycles, viz, sports and high-tech models, both for domestic and export market. Ludhiana in Punjab is popularly known as the bicycle capital of the country, accounting for as much as 80 per cent of the bicycles and bicycle parts manufactured in India. Kanpur, Mumbai, Sonepat (Haryana), Chennai and Kolkata are the other important production centres for manufacture of bicycles and bicycle parts.
More than 90 per cent of the bicycle production in India comes from four bicycle companies. Major players with their per cent share in this sector are Hero Cycles 35%, Atlas Cycles 24%, TI Cycles 18% and Avon 15%. Hero Cycles has grown to become the world’s largest bicycle maker followed by Atlas Cycles.
The bicycle industry in India comprises two kinds of units. The first one is unit manufacturing bicycle parts, components and accessories and units manufacturing complete bicycles. While bulk of the parts and components are manufactured in the small-scale sector; complete bicycles are manufactured in the organized sector. Large cycle units are permitted to manufacture bicycle frames, chain and rims for their captive consumption.
On the whole, the future of the Indian bicycle industry seems challenging. A slew of policy measures have been suggested by the Draft National Urban Transport to improve the use of bicycle as a public means of transport.