Ludhiana, Jan. 26 -- Onkar Singh Pahwa, Chairman of popular cycle maker Avon Cycles Ltd, upon whom Padma Shri has been conferred, dedicated this prestigious award to his parents who started the business decades back.

Pahwa joined the business in 1973. The business was started by his father and uncle.

"Now that I have got the Padma Shri award, I will dedicate it to my parents. Whatever they taught me, I will dedicate it to them," Pahwa told ANI.

Bicycle, once being the necessity of life, has changed its utility, he said, speaking about the cycle industry which has seen a sea change with more and more adoption of motorbikes.

"Now they are mostly used for recreation and exercise. Its profile has completely changed. "Today, kids are our c...