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Once India's Largest Cycle Maker, Atlas Cycles, Suspends Operations
Sameer Contractor
Jun 8, 2020, 2:54 PM
Once a name synonymous with bicycles in India, Atlas Cycles announced the suspension of its Sahibabad plant on June 3, 2020. The irony wasn't lost on anyone as the closure coincided with World Bicycle Day. The Sahibabad (UP) plant was the last of the three facilities of the company to be closed after the Malanpur (Madhya Pradesh) was closed in December 2014, while the Sonepat (Haryana) plant was closed in February 2018. With the Sahibabad plant, the company laid off 431 of its remaining employees, even though the company says the closure is temporary.
1 Min
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