US retail News
Walmart to sell Hero bicycles worldwide
Breaking the near monopoly of Chinese bicycle manufacturers, the Pankaj Munjal-promoted Hero Cycles has clinched an agreement with Walmart, the world's largest retailer, to supply bicycles across the world. It will supply bicycles priced at $200 (roughly Rs 10,000) apiece.
Pankaj Munjal, managing director, Hero Cycles, said, “In bicycles, we intend to double our sales to 10 million units annually
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