Hero Cycles, the leading Indian bicycles producer, intends to double...

Hero Cycles, the leading Indian bicycles producer, intends to double its capacity to about 10 million units per year by 2015, after it reportedly clinched a huge supply deal with Walmart. The Business Standard reports that Hero Cycles already supplied bicycles to the cash-and-carry stores owned by Walmart in India, but the global partnership would call for a bigger volume.