Walmart sources bicycles from India, partners Hero Ecotech

Global retail major Walmart has started sourcing bicycles from India by entering into a strategic partnership with Hero Ecotech. The first India-made bicycles are hitting select stores in the US market just in time for the holidays, Walmart said in a statement.

This is part of Walmart’s commitment to triple exports out of India to USD 10 billion annually by 2027, it added.