AICMA Predicts Bicycle Demand by 2010 to be at 20 million

NEW DELHI, India (Dec 6) – Citing spiralling oil prices, environmental pollution and increasing congestion on roads as reasons for increasing demand of bicycles in India, domestic manufacturers have predicted a demand of 20 million bicycles in the country by 2010. The Indian bicycle industry has already reached a production target of 1.4 million units