Budget 2012: Bicycle demand to go down as prices will rise, says Atlas Cycles
By Prashant R Nair | Published On: March 21, 2012 09:40 (IST) | Duration: 5 min, 43 sec
ID Chugh, Whole Time Director of Atlas Cycles Ltd expects demand to be impacted as bicycle prices might go up post the Union Budget. "Naturally the imported bicycles which were coming from China are going to be costly. Also, the impact duty hike on raw materials has also increased prices of bicycles as the prices of steel, chemicals, paints and freights has gone up," he says.