The Bicycle Industry in India had its origin in the year 1939. Long after the establishment of the Industry in the Western countries the Hind Cycles Ltd. (a Birla company) and Hindustan Bicycle Corporation established manufacturing facility at Bombay & Patna respectively. These units mostly manufactured components for bicycles.

In 1949, Sen Raleigh Group of India set up a plant at Asansol (WB) with know-how from the Raleigh Group of U.K. While TI Cycles of India Ltd. set up a plant at Madras (Chennai) with know-how from Tube Investment of U.K. The production of cycles accelerated after 1950 with Atlas Cycle Industries Ltd., Sonepat (1950), Hero Cycles Ltd., Ludhiana (1951), Avon Cycles Ltd. Ludhiana (1952) and Roadmaster Industries at Rajpura (1954) came into existence.