Fri. Mar 29th, 2024

Hero cycles have called off the deal with China that worths Rs 900 crore. According to Hero Cycles Chairman and Managing Director, Pankaj Munjal, the company has boycotted Chinese companies and decided not to engage in any trade deal with them in future.

He said that the company will now produce the high-tech cycles in India and is finding opportunities in other countries to have a deal with in future. The company plans to set up Hero Cycles manufacturing plant in Germany and then supply the cycles to all European countries from there.

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