25 Years Ago
HONGKONG (December 6): ALTHOUGH the oil crisis has so far not affected motoring in Hongkong, local bicycle sales are expected to go up in the near future.
Already, the sole bicycle manufacturer in the Colony - Hongkong Bicycles Limited - has launched a local sales drive.
Acording to the Managing Director of Murjani Holding Limited, which owns 80 per cent of the bicycle company, which was established about a year ago, exports for 1974 and 1975 are expected to go from $20 million at present to around $50 million.
Mr M. L.Mujani said yesterday production of his plant would be increased from 10,000 bicycles a month at present to 50,000 in the next two years.
'We get lots of orders from our overseas buyers in Europe and America because their manufacturers there can't make so many bicycles.' 'Our overseas customers have to order our products six months ahead, and, because of the oil crisis, sales of the bikes will definitely go up,' he said.
He does not, however, expect local sales to be exceptionally high because Hongkong's hilly topography makes cycling rather difficult.