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Hero Cycles acquires Firefox bikes for Rs 150 Crores
Sep18

Hero Cycles acquires Firefox bikes for Rs 150 Crores

Hero Cycles acquires Firefox bikes for Rs 150 Crores World’s largest bicycle manufacturer Hero Cycles has acquired Delhi based Firefox bikes private limited, which is another popular bicycle manufacturer in India. There are reports that Hero Cycles made an all-cash transaction of Rs 150 crore to buy Firfox bikes. Mr Pankaj, who is the managing director of Hero Cycles confirmed about the acquisition. Mr Munjal said, The aim is to...

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