Industry experts : Cycle sales increases two-folds during coronavirus lockdown in India

only for representation purposes

The Fact News Service

October 15

Sales of cycles jumped by two-folds during the coronavirus-induced lockdown in India, according to industry experts.

As per a report by news agency PTI, people are opting for bicycles which is the cheapest mode of transport to cover short to medium distance in view of health safety concerns amid the coronavirus pandemic.

People in many cities have to wait to buy a bicycle of their choice due to a massive surge in demand, PTI quoted manufacturers.

A total of 41,80,945 bicycles have been sold in the country in the five months from May to September 2020, according to the All India Bicycle Manufacturers Association (AICMA), said PTI.

AICMA secretary general K B Thakur told PTI that the increase in demand for bicycles is unprecedented. “Probably for the first time in history, such a trend has been seen on bicycles.”

“Sales of bicycles have gone up by over 100 per cent in these five months. In many places people have to wait for their favourite cycle, booking has to be done,” he said.

(story sourced through inputs from agencies)

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