There’s a British Eagle 18 speed men’s mountain bike at £70, women’s mountain bike for £70 and a kids model with 20” wheels available at £50 each.
ASDA are able to offer these bikes so cheaply because they have bought “tens of thousands of the bikes,” and the company will apparently make no profit on them “such is the supermarket's commitment to getting the nation on their bikes.”
The Pedal Power initiative was launched by ASDA CEO Andy Bond and Olympic Champion Sir Chris Hoy.
All four bicycles are now available online and will be in store from 21 July to 9 August.
What are your thoughts on these budget bikes? Will it encourage more people to get on two wheels? Let us know in the comments section below.