Gandhinagar, July 29 -- Almost everyone is familiar with Hercules Cycles. TI Cycles of India was established in 1949 by the Chennai-based Murugappa Group in partnership with the UK's Tube Investments Company.

In 1951, the factory was inaugurated by the last and one of the most popular rulers of the erstwhile Bhavnagar princely state, Krishnakumarsinhji Gohil, during his tenure as the Governor of Madras State. It was from this factory that the production of Hercules cycles began, and the brand later became one of the most well-known bicycle brands in the country, according to Gujarat CMO.

Today, the same Murugappa Group is set to play a significant role in advancing India's semiconductor mission through its company, CG Semi. On July 4, P...