TI Cycles of India, part of the Rs. 13,617 crore Murugappa group has announced the launch of GT and Mongoose bikes. According to a release, these high-end performance bikes will be available for cycle enthusiasts at TI Cycles retail outlets and key multi-brand outlets. The GT bikes are available in the range of Rs. 14,000 – Rs. 36,000 and the Mongoose bikes in the range of Rs. 10,000 and Rs. 27,000.