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Firefox Bikes, a Noida-based leading bike manufacturer is eyeing to expand in Bhutan. The company has given its exclusive franchise right to Yangphel for the expansion of the brand, confirms a company’s official. It is a well known name with business in various industries like travel, hotels, insurance, distribution and retail of Archery etc. in Bhutan.
Company has recently opened its first outlet in Thimpu, the capital of Bhutan. Besides this, the company is also planning to open around 20 retail bike stations in the year 2011-12 in India followed by a further expansion to over 200 Bike station in the coming five years in India and abroad. This expansion will be carried out via franchised as well as company owned outlets.