TI Cycles rolls out first carbon bicycle

Bicycle manufacturer TI Cycles, a part of the $3.2-billion Murugappa Group, today introduced India's first bicycle made from carbon "Montra''.

The cycle, targeted at urban adults, is priced between Rs 21,000 and Rs 1.5 lakh.

The Chennai-based company has manufactured the bicycle at its Ambattur facility and aims to sell about 12,000 units this year, according to TI Cycles India President, Dr Raghuram.

'We are happy to introduce this bicycle manufactured at our Ambattur facility. We have considerably invested on its design and product,'' he told reporters after unveiling the bicycle.

On the occasion, the company also introduced its new Montra range of bicycles made of alloys.

Last year, the company sold 3.6 million units and this year, it expects to sell around 4.15 million units, he added.