With support from govt, India can dominate bicycle industry: Pankaj Munjal

Hero Cycles chief says growth in India is limited, wants PLI scheme for his industry

Pankaj Munjal of Hero Cycles has called for government support to step up the use of bicycles in India. Munjal, dismayed at government’s apathy towards the sector, said that this impacts the company’s business in India despite being successful globally.

“The post-Covid period was an eye-opener for me and the company. The world responded to it very nicely. Cycling lanes have come up. Cities are being decongested. Urban mobility is changing permanently. But in India we are back to square one. We are caught in a trap,” Munjal said.

The company plans to double sales from Rs 420 crore a