● The
supply chain disruption post-pandemic, imports restrictions from
● Shortage
of raw material and components are hindering adequate production of hi-end
bikes which are high in demand in the post-pandemic period
●Hero
Cycles demands urgent Government support for boosting local component
manufacturing and seamless supply
With supply
shortages and component crunch hindering the Indian bicycle sector’s ability to
meet the burgeoning demand for bicycles and e-bikes, Hero Cycles have sought
active support from the Government for ensuring uninterrupted supply and help
for the sector in localising hi-end component manufacturing.
The COVID 19
pandemic has triggered a major demand surge for bicycles and e-bikes across the
world including in
The supply
chain disruption in the aftermath of the pandemic, restrictions on Chinese
imports and the freight train obstruction in
The COVID 19
pandemic has not only jolted the world economy but has also brought about some
long-lasting changes to our lives. As millions of people across the world
sought to stay away from public transport and continue their workouts without
going to gyms, bicycles emerged as a viable solution. Certain categories of
bicycles particularly recreation and fitness bikes witnessed an almost 100
percent jump in demand.
Estimates
suggest that
Manufacturers
today are working consciously to reduce dependence on Chinese imports. With a
lot of mechanical and electrical components for bicycle and e-bicycles
currently non-available in India, the sector requires aggressive R&D and
innovation to be able to engineer these parts and ‘Make in India’ with
indigenous manufacturing capability.
Hero Cycles
has taken the lead towards achieving robust backward integration. It is also
working aggressively to localise e-bike manufacturing including components in
the country over the next few years.
New Delhi, 08th January 2021