LUDHIANA, India - , Hero, the world’s largest manufacturer of bicycles since 1986, has completed a record of selling 100 million bicycles.The 100 millionth bicycle was auctioned for Rs 1 million (€ 17.000) by the group, revealed Chairman of Hero Cycles Brij Mohan Munjal. The company also organised a function at Hotel Park Plaza to mark the completion of 50 years. The cheque of Rs 1 million was presented to CM Captain Amarinder Singh, who was the chief guest on the occasion. The management did not divulge who had purchased the bicycle.
It was revealed at the function that Hero now has 200 models of cycles, and their daily production is nearly 1,650 cycles. To celebrate the day, the management gave 150 cycles to needy persons all over the state, as per the list presented by the chairmen of the various Improvement Trusts in the state.
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