Belgian Cycling Factory contracts 50,000 e-bikes from Hero Motor Company
LUDHIANA, India - Indian bicycle OEM HMC Hive, a Hero Motor Company, has forayed into contract manufacturing with the signing of a €33 million partnership contract with Ridley and Eddy Merckx owner Belgian Cycling Factory (BCF). Under the contract, the HMC will supply 50,000 bikes and components for BCF over the next three years.