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    • Shut its last manufacturing unit

      • Atlas Cycles has shut its last manufacturing unit, which is located in Sahibabad, near New Delhi due to lack of funds. The company claims that this is a temporary shutdown and there are plans to resume production once it is able to raise Rs. 50 crore by selling surplus land. Atlas Cycles shut down its factory on June 3, 2020.
      www.team-bhp.com/news/atlas-cycles-shuts-operations-due-lack-funds

      Iconic Atlas Cycles shuts down - Team-BHP

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  3. www.deccanherald.com › business › the-rise-and-fallThe rise and fall of Atlas Cycles - Deccan Herald

    Jun 4, 2020 · On June 3, Atlas Cycles shut down its last manufacturing unit in Sahibabad, Uttar Pradesh stating financial constraints. Founded by Shri Janki Das Kapur, Atlas Cycles is one of the oldest cycle...

  4. www.indiatimes.com › trending › human-interestChildhood Lost: Atlas Cycles No More, Shuts Down Last Plant ...

    Jun 11, 2020 · One of the most renowned Indian bicycle brands – Atlas Cycles – ceased its operations completely on the day. On Wednesday, the company issued a statement, stating an incapability to continue its manufacturing operations due to financial constraints.

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  5. economictimes.indiatimes.com › industry › autoAtlas Cycles shuts operations at last manufacturing unit

    Jun 5, 2020 · Atlas Cycles - a name that became a synonym for bicycles in India - has shut its last manufacturing unit in Sahibabad, just outside the national capital, citing lack of funds to run the factory.

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  7. www.news18.com › explainers › why-atlas-cycles-exWhy Atlas Cycles’ Ex-President Salil Kapoor Died ... - News18

    Sep 5, 2024 · Former Atlas Cycles President Salil Kapoor allegedly committed suicide at his three-storey house in posh Aurangzeb Road (now APJ Abdul Kalam Road) in Delhi on Tuesday. The police said his body was found by his manager near the puja room of his house around 1 pm with a gunshot wound.

  8. www.icmrindia.org › casestudies › catalogueAtlas Cycles Ltd Shut Down Last Manufacturing Unit Sahibabad

    On June 3, 2020, Atlas Cycles Ltd. (Atlas Cycles), an iconic bicycle brand in India, shut down its last manufacturing unit, located at Sahibabad, Uttar Pradesh, stating it lacked funds to run the factory. Ironically, June 3 happened to be World Bicycling Day .

  9. www.hindustantimes.com › cities › chandigarh-newsLudhiana: Shut since June 2020, Atlas Cycles resumes ...

    Atlas Cycles’ director CM Dhall confirmed that operations and cycle dispatches have been restarted from the company’s Sahibabad unit. Lying shut since June 2020, country’s one of the oldest...

  10. www.ndtv.com › india-news › atlas-cycles-shutsAtlas Cycles Shuts Operations At Last Manufacturing Unit Near ...

    Jun 5, 2020 · Atlas Cycles - a name that became a synonym for bicycles in India - has shut its last manufacturing unit in Sahibabad, just outside Delhi, citing lack of funds to run the factory.