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Spur Technologies sets up production unit in Ludhiana

Wednesday, 13 Jan 2021
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Premium bicycle parts maker Spur Technologies is setting up a manufacturing unit at the upcoming Hero Industrial Park at Ludhiana in Punjab, that is expected to scale up its production capacity by 300 percent.

To be managed by Hero Motors, Spur Technologies is eyeing a major share in global business by 2023 through the facility. Spur Technologies is a subsidiary of Hero Motors Company.

At present, bicycle parts maker's product line consists of the front suspension forks, double wall alloy rims, BB cartridges, alloy stems and freewheels (single-speed).

However, the new unit will enable it to increase suspension forks, alloy rims and alloy handlebars cumulative production to nearly six million units from the existing two million unit capacity.

Manufacturing hi-end aluminium components for both domestic and global markets will be a key focus of the new plant. The production will also help Hero Cycles accomplish back-end integration and significantly reduce imports of premium components.

Hero Industrial Park (HIP) is expected to boost Hero Cycles manufacturing capacity to eight million units in the first phase from the current six million units.

In Phase-I itself, HIP will add a production capacity of two million SKD (semi-knocked down) bikes.

 
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