Indian cycle industry to take over International markets

CFOSE 2018 exhibits products that awe foreign companies

Cycles for young and old displayed everyday

Fitness and electronic products on display

Ludhiana,24^th February,2018: The Indian cycle industry has had to face a disadvantage in the international market since they are not able to source technology and quality raw material. However, many Indian companies hope to assert their brand presence in the international market by taking over international companies or making technological tie-ups. In relation to this Hero Group hopes to be sending out 60,000 units in India, Sri Lanka and England this year. This was expressed by Pankaj Munjal, CMD, Hero Motors. Encouraging the Indian cycle industry, Munjal urged the local manufacturers of cycle parts to explore the international market as well.

The weekend brought more visitors to the exhibition as various activities to create awareness among the people continued on Day 2. Surinder Brar, Organiser, CFOSE  said, "It is great to see that the people of Ludhiana take so much interest in the cycle industry. This is one industry this that affects their lives directly in a very significant way."

By the end of the second day of CFOSE 2018 about 50,000 visitors had witnessed the grand display of latest cycles, e-rickshaws and fitness products. Technology kept the youth engaged and despite the Ludhiana Municipal Corporation elections and the rain crowds did not abate at the expo.

Two Lamborghini cycles worth 6 lakhs each sold

After their fascination with luxury cars, Ludhiana has taken a fancy to luxury bicycles now. Company LA Sovereign displayed the US made Lamborghini Cycle worth 6 lakhs. The director of the company Rohit Kalra and spokesperson Nitin Ghai said that they have already sold two Lamborghini cycles to local businessmen. This 7kg cycle is equipped with gears and boasts of enhanced comfort.

Auto self balance robotics to be seen on Indian roads

Manish Jindal from Hower Robotics revealed that the company had launched this technology at CFOSE 2018 itself. This technology has been replicated in India after 5 years of research in Australia. North Indians find sand cycles fascinating .The broad tyres of sand cycles has caught the fancy of north Indians. These cycles garnered quite a lot of attention from the visitors at CFOSE.