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China's Mobike plans big push in India as rival Ofo pulls out

Company to expand to 10 more cities, considers local bike manufacturing

Riders try out Mobike bicycles at the MIT-World Peace University in Pune on July 30. (Photo courtesy of Mobike)

MUMBAI - China's largest bicycle sharing start-up, Mobike, is planning to expand from the western Indian city of Pune to 10 other cities in the next 18 months.

The start-up, which began operations in the university town in May, currently has over 3,000 bikes for hire, which are clocking up 4 to 4.5 rides per bike per day, Mobike India chief executive officer Vibhor Jain told the Nikkei Asian Review.

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