Chandigarh (India) – December 8, 2016
CONEBI, representing the EU Bicycle, Ebikes & Components Industry, was invited by the Indian Bicycle Association AICMA -which was hosting the Asia Bicycle Alliance meeting- to participate in the conference “The New Vision of Bicycle Industry – The Coming of Asia-Pacific Century”.
Many very important Companies like Shimano, Giant, Hero and TI were represented at their highest level with their CEOs, as well as all the Members of the Asia Bicycle Alliance, with President. Mr. Ma as the Chairman of China Bicycle Association.
CONEBI Vice President Mr. Erhard Büchel made a presentation about the main trends in the EU Bicycle & Ebikes Market: the ABA meeting was associated with a first Indian Bicycle Show “Bicycle ExCon” in the same conference building.
Indian market is rapidly changing from the traditional “Roadster” Indian transport bicycle to more modern models like MTBs, which are very much liked by the fast growing younger generations in India.
Large investments in the production of modern components are needed, both from China, Taiwan, Japan and European Parts producers, in order to help the positive development of the Indian Bicycle Market.
Mr. Büchel already started a joint-venture in Ludhiana to produce bicycle Components, especially reflectors with the Indian Company Citizen.