TI Cycles, the bicycle manufacturing and marketing arm of Murugappa Group, is shifting its capabilities towards value-based, recreational and trendy urban cycles as against commuter segment in tune with the industry. The company, which has launched its third bicycle manufacturing facility in Rajpura, Punjab, has shifted its manufacturing capabilities from Nashik facility to its facility in Chennai.The industry has been going through a shift, with the market for commuter segment of cycles declining and the demand growing in the recreational cycles which are mostly used by the children in their childhood and adolescence, before shifting to a motorised vehicle, and the urban youth who use the cycles more for fitness and environment friendly commuting."It made sense to focus on Rajpura for the bulk of non south requirements and use Ambattur for south requirements. We have shifted the Nashik plant to Ambattur and consolidated manufacturing operations in Ambattur. We effectively have two...

Tilaknagar Industries Ltd. has gained 22.79% in the last 1 Month

Tilaknagar Industries Ltd.

07 Dec 2017

292.80

6.13%

TI Cycles to acquire two Sri Lankan firms

Business Line

TI Cycles of India has signed a definitive agreement to acquire a controlling stake in Creative Cycles (Pvt) Ltd andGreat Cycles (Pvt) Ltd, Colombo, Sri Lanka, according to a press release from TI...

Tilaknagar Industries Ltd. has gained 22.79% in the last 1 Month

Tilaknagar Industries Ltd.

06 Nov 2017

292.80

6.13%

TI Absolute Concepts aims to enter a new cycle of growth

Business Line

To invest 35 crore to set up 11 more Ciclo Cafs over thenext three years

Tilaknagar Industries Ltd. is trading above its 50 day SMA of 254.3

Tilaknagar Industries Ltd.

31 Aug 2017

292.80

6.13%

TI Cycles licensing pact with Schwinn

Business Line

TI Cycles of India has signed up with Pacific Cycles USA, a part of Dorel Industries Inc, to acquire the brand licensing rights for Schwinn brand in India for 33 years, according to a press release...

Tilaknagar Industries Ltd. has gained 22.79% in the last 1 Month

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