Hero Cycles cancels 900 crore trade deal with china


New Delhi: Hero Cycles has canceled trade deals worth 900 crore rupees with China. Hero Cycles Chairman and Managing Director Pankaj Munjal said, the company has boycotted Chinese companies and decided not to do any trade with Chinese in the future.

He said the company will now manufacture the high-tech cycles in India. He said that company is now looking for opportunities in other countries and planning to set up a plant of Hero Cycles in Germany, from where the cycles would be supplied to all European countries.