Bicycle sector in India: Key findings of NITI Aayogs report published in March 2020
- Nearly 45% households or 111 million households in India owned bicycles as per the 2011 census.
- The percentage share of households owning bicycles in India during the decade 2001 to 2011 increased by about 3%. In contrast, the corresponding growth of two-wheelers and cars increased by more than 10%.
- The Indian bicycle industry is largely located in the mega cluster of Ludhiana (in Punjab), comprising 4000 MSMEs and employing a workforce of 10 lakh in the entire value chain, including sales and repair shops, and producing more than 2 crore bicycles per annum.
- In 2018–19, the estimated bicycle production in India was around 2.2 crore (second largest after China).
- The bicycle ownership per 1000 persons in India is a meagre 90 as against 1100 of the Netherlands and 360 of China.
