Atlas Cycles (Haryana) has received an approval to close the Malanpur Unit and has also suspended the manufacturing activity of the said unit. The territories being served by the said unit will be served by other 2 units and the suitable Steps for earliest closure of the said Unit are being taken.
The company has three manufacturing Units viz Sonepat Unit, Sahibabad Unit and Malanpur Unit. For a multitude of reasons, Malanpur Unit has not been able to increase its production to a break-even point and the said Unit continues to incur losses. The measures of revival of the unit unfortunately did not come through so far.
Atlas Cycles (Haryana) is one of India’s oldest and most trusted cycling companies. Atlas Cycles started its odyssey way back in 1951 and today it is one of the largest manufacturers of bicycles in the world.
| Company Name | CMP |
|---|---|
| Atlas Cycle(Haryana) | 101.75 |
| View more.. | |
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