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  1. #1
    Join Date
    Sep 2020

    Harley-Davidson About to close factories in India

    Harley-Davidson About to close factories in India-200925102552-harley-davidson-india-file-restricted-super-tease.jpg

    Harley-Davidson is moving away from slotxo India, demanding more than a decade to break into the world's largest motorcycle market.The company said in a statement on Thursday it would close its northern Indian Bawal plant and The dealer will serve customers throughout the term of the contract and the company is looking for ways to continue to sell its iconic motorbike in the country.India is the world's largest motorcycle and scooter market, with more than 17 million units sold last year, according to the Indian Automobile Manufacturers Association. Two-wheelers are the most popular means of transport in the country, one of the fastest growing auto markets.

    When Harley-Davidson (HOG) entered India in 2010, it was the world's second fastest growing two-wheeler market after China. But 33 dealerships have only sold 25,000 motorcycles ever since, the company's business has struggled with high import and sales taxes that President Donald Trump has repeatedly criticized.The news of the company's retreat will affect Prime Minister Narendra Modi's hopes of attracting more foreign investment and expanding India's production base. Ford (F) and General Motors (GM) have cut back on their investments. Operating in India in recent years The withdrawal is part of that overhaul.

    The Harley-Davidson (HOG) launched in July will make the model more dynamic and focused on power in North America, Europe and parts of Asia Pacific. Harley-Davidson is a high-performing company, CEO Jochen Zeitz said in a statement at the time. The company was grappling with slump in sales before the coronavirus outbreak, which cut demand for luxury goods.According to Reuters, Harley-Davidson. It is in talks with India's largest two-wheeler manufacturer Hero MotoCorp about a possible distribution deal in the country. Harley-Davidson Decline to comment about "Speculation"

  2. #2
    Junior Member
    Join Date
    Aug 2019

    Re: Harley-Davidson About to close factories in India

    I like all of your posts. You did a really good job. Thank you for the information, it helped me a lot. I hope to have more or more entries from you.

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