High Production Costs Main Problem in Bicycle Industry

High production costs and recession in the domestic market have led to the closure of several Iranian bicycle factories.
Experts believe that Iranian manufacturers could produce high quality bicycles and motorbikes, provided that related organizations extend support, Donyaye Khodro reported.
Several factors are involved in the decline of bicycle and motorbike manufacture, of which the lack of working capital due to the small market and the lingering recession have exacerbated their production.
Bicycle manufacturers, in particular, face many problems in importing raw materials, including forex rate fluctuations.