Month: April 2011

TI Cycles, a leading bicycle manufacturer, which is a unit of the $3.2 billion Murugappa Group, rolled-out India’s first carbon made bicycle – Montra on Thursday. The Montra has been designed and produced locally. The company has signed the Formula 1 driver Karun Chandok as its brand ambassador for these high-end bicycles. These lightweight bicycles have been priced in the range of Rs 21,000 and Rs 1.5 lakh.

A century ago, a young entrepreneur may have started on the road to fortune by getting on a bicycle and ended it in a luxury car. Today, with the rise of designer bikes, the opposite could be true. British millionaire and TV personality Alan Sugar set the trend several years ago when he bought a £7,000 “Prince of Spain” racing bicycle, named after Spanish champion Alejandro Valverde, from Italy’s Pinarello (pinarello.com).

Sounds unbelievable but do believe that incumbent Prime Minister of Norway Jens Stoltenberg comes to his office on bicycle and he enjoys mixing up with people.

The premier not long ago, was denied having a driver and his spouse used to serve him. Mian Muhammad Islam and Raja Mansoor Ahmad, the Norwegian citizens of Pakistani origin, who are currently in Pakistan, revealed this jaw-dropping information to The News during an informal chat here.

The first Trek Bicycle store in the United Kingdom, sited in Milton Keynes and independently owned and operated by Gary Bird, proprietor of East Street Cycles, will open on 1 April.

Audi USA has teamed up with Renovo Hardwood Bicycles of Portland, Oregon, for the Duo range of wooden-framed bikes.

Audi of America has announced that it has teamed up with Renovo Hardwood Bicycles, the “only all-hardwood bike manufacturer in the world”, to create an Audi-inspired bicycle collection that embodies “luxury and performance.”

A statement from Audi said the Duo range is “a work of art and a mode of transportation that blends beauty and craftsmanship with performance and technology.”