The people are loving bicycle. No... don't be mistaken. The people do not love the cycle symbol of a political party in the Telugu states. They have rejected the party lock stock and barrel. Their interest is in the bicycles, the cheapest transport available.
The bicycle industry is looking for a great year ahead. The reason? With work-from-home becoming the new normal and the budgetary cuts on the domestic front due to post-covid economic blues, may people are said to be preferring bicycles. This could be one major reason for the spurt in the sale of bicycles. The sales are zooming up for two reasons. Firstly the people feel it's cheaper and will not burn a hole in their pocket. Secondly, it helps the people in keeping fit. Cycling is a very good exercise. Despite Covid, 22 million bicycles were sold in 2019-20.
Another interesting feature is that the State governments have bought 4.5 million bicycles last year to supply them to the school-going children. This again has helped boost the sales of the cycles. So, post-covid, happy days will be here again for the cycle industry.
The bicycle industry is looking for a great year ahead. The reason? With work-from-home becoming the new normal and the budgetary cuts on the domestic front due to post-covid economic blues, may people are said to be preferring bicycles. This could be one major reason for the spurt in the sale of bicycles. The sales are zooming up for two reasons. Firstly the people feel it's cheaper and will not burn a hole in their pocket. Secondly, it helps the people in keeping fit. Cycling is a very good exercise. Despite Covid, 22 million bicycles were sold in 2019-20.
Another interesting feature is that the State governments have bought 4.5 million bicycles last year to supply them to the school-going children. This again has helped boost the sales of the cycles. So, post-covid, happy days will be here again for the cycle industry.