All India Cycle Manufacturers’ Association (AICMA), the apex body representing India’s cycle manufacturing industry, announced the appointment of Aditya Munjal, CEO, Hero Cycles as its President for 2024 to 2026. During the course of his presidency, Munjal will work closely with both industry and policy stakeholders with the aim of establishing India as a major…
Tag: Hero Cycles
Hero Cycles buys stake in German e-bike maker HNF Nicolai
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•Hero Cycles Ltd has acquired a stake in German premium e-bike maker HNF Nicolai. The company’s move is to tap the overseas market. Along with Hero, a German investment trust IBG Beteiligungsgesellschaft Sachsen-Anhalt mbH has also bought the stake in the German e-bike maker. Financial details of the transaction remain undisclosed. In their joint collaboration,…