Atlas Cycle: 4 million bicycles once a year, closed the country's largest manufacturer

On Wednesday, on the occasion of World Cycle Day, news came that Atlas, the country's 69-year-old bicycle company, has stopped work in ...

On Wednesday, on the occasion of World Cycle Day, news came that Atlas, the country's 69-year-old bicycle company, has stopped work in the factory due to financial constraints. This has created a livelihood crisis in front of 450 employees working in the company. The company has been struggling with financial crisis for the last several years.

However, there was a time when the company had a record of making 4 million bicycles annually. Now in the lay-off notice, the manager of the company said that the operators do not have the money to run the factory. There is no money even to buy raw materials. Therefore, the employees have been asked to take off from June 3. In such a situation, today we tell you how the company started and how it made its mark.

  • The company was founded by Janaki Das Kapoor. The first year in 1951, the company set a record of making 12 thousand bicycles.
  • By 1965 it became the largest bicycle manufacturer in the country.
  • The company had the distinction of being one of the top bicycle manufacturing companies in the world by introducing the first racing bicycle in India in 1978.
  • The company was accredited with the ISO 9001-2015 certification from the British Standards Institution.
  • The company offered a wide range of bicycles for all age groups.
Also read- Atlas closed on World Cycle Day: Company sent factory workers home, now problem of livelihood
This is the cycle journey of Atlas (according to the information given on the company website)
  • After its establishment in 1951, it made 12 thousand cycles in its first year.
  • The first lot was exported in 1958.
  • Became the largest bicycle manufacturer in 1965. Also set a record of exports.
  • Introduced a series of people of all ages with the first racing bicycle in 1978.
  • The company has received the Gold Mercury International Award from Italy.
  • The Atlas Group of Industries was reorganized in 2003, headed by Jaydev Kapoor.
  • In 2005 made strategic alliances with many companies abroad.

What is a take-off?
When the company does not have the money for production, then in that case the company only makes their attendance by not retrenchment and not do any extra work. The employee of the company will come to the gate every day to note his attendance and on the basis of the same attendance, the employee will be paid half the salary.



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Today's Latest news, Know What's happening in India- with Atlas Cycle: 4 million bicycles once a year, closed the country's largest manufacturer
Atlas Cycle: 4 million bicycles once a year, closed the country's largest manufacturer
Today's Latest news, Know What's happening in India- with
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