Jun 15, 2020

Tube Investment - 36% market share in bicycle

Tube investment is a Murugappa Group company holds 36% market share in bicycle. Due to COVID, there is a big possibility that personal vehicles demand will increase. Tube Investment has bicycle and auto segments in its portfolio.

Recently Atlas Cycle has announced closure of its last plant due to debt.

The company operates under 3 business divisions namely
1. Engineering – Pipes. 45% of revenue
2. Bicycles –36% market share. 30% of revenue
3. Metal Formed Products – automotive and industrial chain. Railways. 25% of revenue comes from here.

Shanti Gears is a 70% subsidiary of Tube Investment.

CMP: Rs 395