Cycle prices to go up on higher input costs
-
12/03/2014
-
Times Of India (New Delhi)
New Delhi: The humble bicycle, the affordable personal mode of transport for the poor, will be hit by the pinching inflation as higher input costs have prompted cycle manufacturers to increase prices, which will affect the low-income group of the society. Higher prices of steel and rubber have forced the companies to go in for a price revision, even as they fear that this would adversely hit customers who normally have average daily earnings of about Rs 100-150. Companies like Hero Cycles and Atlas have said they would be increasing prices from February, though this would be spread over two months to provide a cushion to highly pricesensitive buyers.