Harley Davidson India Withdrawal

Harley Davidson entered the Indian market in 2009 and was one of the first premium bikemakers to enter the Indian market.

Harley davidson india withdrawal. Harley-Davidson HOG recently announced the decision to exit India the worlds largest two-wheeler market by discontinuing its sales and manufacturing operations in the country. Iconic American motorcycle maker Harley-Davidson Motor Co. With this analysis India clearly suggests a sturdy solid and an encouraging outlook for an investment.

The withdrawal from India is a blow to Indian Prime. Despite an almost cult-like following in several markets besides the US Harley-Davidson has been facing financial difficulties for quite. NEW DELHI Sept 24 US motorcycle manufacturer Harley-Davidson said today it will exit its India operations the latest foreign automaker to pull out of the South Asian nation.

Harley-Davidson is ending operations in India as part of Rewire strategy. Harley Davidson has announced their official exit from the Indian market. This is the first major announcement from Harley-Davidson since the brand decided to withdraw its operations in the country.

Wisconsin-based Harley-Davidson will shut down its manufacturing plant in the northern Indian state of Haryana and significantly reduce its sales office the company said in a statement. Harley-Davidson HOG Quick Quote HOG - Free Report recently announced the decision to exit India the worlds largest two-wheeler market by discontinuing its. Fresh from the confirmation Harley-Davidson has put the Bronx streetfighter on hold or axed it altogether if you want to read between the curated yet very non-committal press statement reports suggest it could be considering withdrawing from certain markets that hurt its bottom line.

Right from easy EMIs to competitive interest rates explore the varied services and hit the road today. American bike maker Harley-Davidson is shutting down its India operations as a part of its restructuring plan referred to as The Rewire under which it will withdraw from a few international markets in a bid to cut costs and streamline the operations to put in more focus on its profitable markets. It is not surprising because Hero has not just dealerships in every city as well as rural areas but also a vast servicing network to provide after-sales service to its customers.

The company reported a 96 million loss between April 2020 to June 2020 which is the first quarterly loss for the motorcycle maker. Harley-Davidson has decided to continue retailing 13 models in India. Harley-Davidson is discontinuing sales and manufacturing in India after more than a decade trying to break in to the worlds largest motorcycle market.