TI Cycles inks acquisition deal in Sri Lanakan firm

This acquisition, when concluded, will help strengthen and expand the global supply chain for the premium cycles portfolio of TI Cycles, a leading bicycle manufacturer in India. Creative Cycles and Great Cycles have manufacturing facilities in the Katunayake Export Processing Zone, Colombo with a capability to produce a wide range of bicycles, from kids to performance cycles, from steel to alloy bikes. 

“TI Cycles is a leader in the premium cycles segment, bringing the best of cycling experience to the Indian consumer,” says L Ramkumar, MD, Tube Investments India Limited (of which TI Cycles of India is a Division). “With this acquisition, we will be able to grow the market for premium cycles and our market share in the premium segment even more aggressively. Our goal has always been to offer the finest products and experience to Indian consumers and this is one more step in that direction.” 

“I am excited to be associated with TI Cycles and the Murugappa group,” says Shuyuan Gan, Founder & Director of Creative Cycles & Great Cycles. “We’re looking forward to working closely with TI Cycles as an integral part of their global supply chain.”