TI Cycles of India  is one of the leading bicycle manufacturers in India. Started in 1949 by the Murugappa Group and Sir Ivan Stedeford of Tube Investments Group in UK, TI Cycles is the maker of the country's most famous cycle brands like Hercules, BSA and Philips cycles.

It has manufacturing plants in Chennai, Maharastra and Uttar Pradesh. Currently it is the second largest cycle manufacturer in India and number one manufacturer in special segments like Mountain bikes, Sports Lite Roadsters, Racing bikes etc.