The bike industry refers to the segment of the economy dedicated to the design, manufacturing, distribution, and retail of bicycles and related products. This industry encompasses a wide range of activities, including the production of bicycles for various purposes (such as road biking, mountain biking, commuting, and recreational riding), the creation of bicycle components (like frames, wheels, gears, and brakes), and the sales of accessories (such as helmets, lights, and locks).
Additionally, the bike industry includes services related to cycling, such as maintenance and repair shops, cycling clubs, and events like races and exhibitions. The industry also plays a role in promoting cycling as a mode of transportation, encouraging environmental sustainability, and supporting public health and fitness initiatives. It is influenced by trends in consumer preferences, technological advancements, and factors related to urban planning and infrastructure development, all contributing to the growth and evolution of the cycling culture and economy.
Ultraviolette Automotive, a trailblazer in electric motorcycles, is gearing up for a remarkable international venture. Based in Bengaluru, this innovative firm is ready to launch its high-performance electric bikes in…