Atlas Cycles shuts down, lays off 1000 employees

India's famous Atlas cycle will not be visible in India anymore. On the World Bicycle Day, Atlas Cycles took the harsh decision of shutting down the last plant of the company in Sahibabad as well.
Before this, the company had shut down two other plants in Madhya Pradesh and Sonipat. 1000 people were laid off and the year 2020 will be more troublesome for them