Harley Davidson India Exit News

Harley-Davidson to conserve cash in midst of Covid-19 crisis India is the worlds biggest market for motorcycles and scooters with more than 17 million sold last year according to the Society of.

Harley davidson india exit news. Dealer prices may vary. Harleys exit from. Harley Davidsons decision to exit India came as a bolt out of the blue for both customers and dealers.

Harley-Davidson exit India. The company entered the. What is the reason for Harley-Davidsons near Exit from India.

American cult bike maker Harley-Davidson has decided to shut down its India factory as business remains sluggish and sales are hard to come by. Values shown are nominal. Harley-Davidsons entry bike in India was the Street 750 with a price tag of Rs 47 lakh.

Indian dealers of Harley-Davidson have threatened to drag the American bike-maker to court for closing shop in the. Harley-Davidsons poor sales record and a dented demand outlook due to the coronavirus pandemic are to blame for the companys exit from India. Basically India has considered as non-performing market for brand.

The company reported a 96 million loss between April 2020 to June 2020 which is the first quarterly loss for the motorcycle maker. The brand will close its manufacturing facility in Bawal. Harley-Davidson has announced that they will halt sales and manufacture in India in effect exiting one of.

Despite an almost cult-like following in several markets besides the US Harley-Davidson has been facing financial difficulties for quite. To put this into context Harley-Davidsons performance in India over the past year wasnt particularly spectacular. As part of the global rejigging Harley-Davidson is likely to make Thailand its main hub for Asia Pacific due to the southeast Asian countrys competitive tax regime the sources said.