{"id":45827,"date":"2016-03-23T23:24:34","date_gmt":"2016-03-24T03:24:34","guid":{"rendered":"http:\/\/dbsjeyaraj.com\/dbsj\/?p=45827"},"modified":"2016-03-23T23:24:34","modified_gmt":"2016-03-24T03:24:34","slug":"indias-largest-bicycle-manufacturers-hero-cyclesbuys-60-in-sri-lankas-largest-bicycle-makers-bsh-ventures-pvt-ltd","status":"publish","type":"post","link":"https:\/\/dbsjeyaraj.com\/dbsj\/?p=45827","title":{"rendered":"India’s Largest Bicycle Manufacturers “Hero Cycles”Buys 60% in Sri Lanka’s Largest Bicycle Makers BSH Ventures Pvt Ltd"},"content":{"rendered":"

By P.K.Balachandran <\/strong><\/p>\n

With an eye on the vast European market, India\u2019s largest bicycle manufacturer Hero Cycles has bought a 60 percent stake in BSH Ventures Pvt Ltd., Sri Lanka\u2019s largest bicycle maker with license to make Raleigh cycles. <\/p>\n

Confirming this, BSH Ventures\u2019 Chairman Jeyam Perumal told Express on Wednesday that the Chairman of Hero Cycles Pankaj Munjal will be here on April 1 to sign the deal.<\/p>\n

<\/p>\n

\u201cIt\u2019s win-win deal as we are entering into a partnership with a big company like Hero; BSH keeps 40 percent; and I continue as chairman under the new set up,\u201d Perumal said.<\/p>\n

With a production of 5.5 million units per year, Hero is the largest bicycle maker in the world and has 40 percent share of the Indian market.<\/p>\n

When Hero pumps in US$ 15 million to expand the Lankan plant to serve the European market, 500,000 units will be produced every year. The Lankan facility\u2019s present capacity is 250,000.<\/p>\n

\u201cOur factory at Biyagama is already one of the best in South East Asia,\u201d Perumal said.<\/p>\n

Europe is expected to be opened to more Lankan products as the General System of Preference Plus set of concessions are likely to be re-extended to Lanka following the establishment of democracy and human rights with the Presidential election of January 2015. Lanka is lobbying hard for this restoration and the EU is willing to consider its plea.<\/p>\n

Courtesy:New Indian Express<\/em><\/p>\n

Tweet<\/a><\/div>","protected":false},"excerpt":{"rendered":"

By P.K.Balachandran With an eye on the vast European market, India\u2019s largest bicycle manufacturer Hero Cycles has bought a 60 percent stake in BSH Ventures Pvt Ltd., Sri Lanka\u2019s largest bicycle maker with license to make Raleigh cycles. Confirming this, BSH Ventures\u2019 Chairman Jeyam Perumal told Express on Wednesday that the Chairman of Hero Cycles …<\/p>\n

Continue reading ‘India’s Largest Bicycle Manufacturers “Hero Cycles”Buys 60% in Sri Lanka’s Largest Bicycle Makers BSH Ventures Pvt Ltd’ »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts\/45827"}],"collection":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45827"}],"version-history":[{"count":1,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts\/45827\/revisions"}],"predecessor-version":[{"id":45828,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts\/45827\/revisions\/45828"}],"wp:attachment":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}