Bicycle trade sees 50% spike in demand

Vijay C Roy
Tribune News Service
Chandigarh, July 17

Even as companies wrestle to realize their pre-Covid gross sales, the bicycle trade has witnessed as much as 50% enhance in demand in May and June. According to the All India Cycle Manufacturers Association (ACMA), the producers have been unable to fulfill the demand due to restricted manufacturing.

Quite a lot of components have propelled the demand, most significantly being the necessity for a protected mode of transport as a substitute for public transport. — Pankaj M Munjal, Chairman and Managing Director, Hero Motors firm

In May, gamers within the organised sector produced round 4.5 lakh bicycles by working at 35% capability whereas in June the trade produced 8.5 lakh items by utilising 65% capability.

“The manufacturers have seen increased demand across all categories. In cosmopolitan cities, it rose as much as 50% while in metros, the demand increased by 25%,” mentioned KB Thakur, secretary normal, ACMA. “The surge is particularly noticeable in the premium, semi-premium and recreational bike category which means more urban consumers are using bicycles. After the lockdown, we saw a 50% increase in demand for premium bicycles while the demand for e-bikes shot up by almost 100%,” mentioned Pankaj M Munjal, CMD, Hero Motors Company.

A significant surge has additionally been witnessed in leisure biking as lots of people are taking on biking as a health software. The shutting down of gymnasiums because of the Covid pandemic additionally motivated the folks to spend money on bicycles.

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