Hero Group to Launch CycloMoto

KUMARKAUSHALAM, India (January 4th) – The $1.8 billion Hero Group is getting ready to launch motor-fitted bicycles by January 2004. Under the Cyclomoto name, the group plans to offer bicycles fitted with 25-cc engines. The group is aiming at a price-range of approx. USD 100,- per unit. Once the project is commercialised, the group plans