HERO CYCLES TO MAKE 10MN CYCLES A YEAR AT E-CYCLE VALLEY

HERO CYCLES TO MAKE 10MN CYCLES A YEAR AT E-CYCLE VALLEY

Hero Cycles, a 65-year-old Indian cycle manufacturing company has set an ambitious target to become a global leader in E-Cycles. The company launched its much awaited state-of-the-art export oriented manufacturing unit ‘Hero E-Cycle Valley’ via video conferencing on the auspicious day of Baisakhi (New Year). Based in Dhanansu in Ludhiana, the Hero E-Cycle Valley will make 10Mn Cycles a year, with a production of 4 million premium bicycles and E-Cycles, majorly for global consumption.

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GLOBAL E-BIKE MARKET PROJECTED TO REACH $18.65 BILLION BY 2024

GLOBAL E-BIKE MARKET PROJECTED TO REACH $18.65 BILLION BY 2024

A new study released by Mordor Intelligence Consultancy on global e-bike market has valued the segment at 14.75 billion in 2018. Based on a study of global data trends, the market is projected to grow at CAGR of 6.39% during the forecast period 2019-2024. Asia-Pacific region is estimated to lead the global market sales with China dominating the region. Continue reading “GLOBAL E-BIKE MARKET PROJECTED TO REACH $18.65 BILLION BY 2024”