a bicycle that is 4 times of an average indian salary per year?
but there are potential buyers for it? and you got EMI options also
Cannon Dale, Bianchi, Firefox are some of the examples for it
somebody has predicted the market size " 7000 bikes per year"
and growing rate 25%
targeted at fashion freaks, Fitness Freaks, celebrities, Executives, women
these bikes are gonna be the next fashion statement of india, and a style fitness mantra.
i know friends who brought cycles worth Rs.15000
but lets looks at average consumer and the sale brands like Hercules, Atlas, Hercules MTB, Hero Ranger, Ladybirds, which costs you exactly between Rs.1500 to Rs.5000
Citi roads of india still dont have seperate lane for bicyclers...
imagine how could a guy be happy parking his 2 lakh cycle in a shopping complex and that weighs 3 kgs ( easy steal) and do his shopping in india,,,,, no chance.
anyway lets wait and see how market changes.....
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