PANDEMIC SPURS BICYCLE DEMAND IN INDIA, INDUSTRY EXPECTED TO GROW BY 20%
India’s bicycle industry is pedalling to a decadal-high demand growth of 20% this fiscal, with sales likely to touch 1.45 crore units compared with 1.2 crore units last fiscal. The ongoing Covid-19 pandemic has spurred demand for bicycles owing to improving fitness consciousness and leisure requirements, says Credit Rating Information Services of India Limited (CRSIL).








