Hero Cycles Ltd

Hero Lectro, the electric cycles brand of Hero Cycles Ltd, on Monday said the prices of its five products will be reduced by up to Rs 15,000 in Delhi, following the inclusion of e-cycles to be eligible for subsidy and tax exemption under the EV policy.

Om Prakash Munjal, Co-Chairman of Hero Cycles Ltd and a leading industrialist died in Ludhiana today. He was 87.

In a first-time partnership between Indian and European firms in the bicycle space, Hero Cycles Sunday announced the acquisition of MIFA, a German company listed on the Frankfurt Stock Exchange with revenues of around Euros 100 million.

The company is also planning to further increase its production in Punjab with a new plant dedicated to premium category bicycles near Ludhiana, it said.

Hero Lectro, the electric cycles brand of Hero Cycles Ltd, on Monday said the prices of its five products will be reduced by up to Rs 15,000 in Delhi, following the inclusion of e-cycles to be eligible for subsidy and tax exemption under the EV policy.

Om Prakash Munjal, Co-Chairman of Hero Cycles Ltd and a leading industrialist died in Ludhiana today. He was 87.

In a first-time partnership between Indian and European firms in the bicycle space, Hero Cycles Sunday announced the acquisition of MIFA, a German company listed on the Frankfurt Stock Exchange with revenues of around Euros 100 million.

The company is also planning to further increase its production in Punjab with a new plant dedicated to premium category bicycles near Ludhiana, it said.