Hero Cycles largest market share 42 % of the Indian bicycle market

 April 19 World Bicycle Day

Bicycle Day is April 19, commemorating April 19, 1943, when Dr. Albert Hofmann first took LSD intentionally.

The Indian domestic bicycle industry is oligopolistic in nature, dominated by few players. These players account for over 90 % of the countrys total bicycle production.

The major players of the organized bicycle industry are

Hero Cycles Limited, which has the largest market share about 42 % of the Indian bicycle market,

Tube Investments of India ltd with a market share of 22%,

Avon with a share of 17% and

Atlas cycles ltd which has a market share of 10%,

 rest of the 9% share is being occupied by other small players in the market.

Src: ASSOCHAM, UPCMA 

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