Why India?

Ideal Opportunity to tap the not-so-saturated bicycles market in India

• India is the 2nd largest manufacturer of bicycles in the world producing about 15 million bicycles annually
• Out of this, 3 million are exported annually, which indicates a huge demand in the domestic market
• The premium/high-end bicycles segment is growing at 24 - 28%
• Indian middle class / upper middle class are getting more and more selective, quality conscious and fitness conscious
• Huge demand from kids bicycles
• Few of the world's leading bicycle brands are already in India (through Dealers / Distributors)
• Moreover, the growing demand for high-end bicycles, will also spur a great demand for not-easily-available quality Accessories & Cycling Gear
• There is also huge after-market for bicycle spares and components
• The market for bicycles in India is a not saturated as yet and there is huge potential especially in the premium segment