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. India is the largest motor-cycle market in the. The US premium motorcycle company has recently announced its departure from India the worlds second largest two-wheelers market. India Business News.

The cult bike makers decision to exit India will mean 70 employees will be left redundant the company said. Harley Davidsons decision to exit India came as a bolt out of the blue for both customers and dealers. Indian dealers of Harley-Davidson have threatened to drag the American bike-maker to court for closing shop in the.

Harley-Davidson will shut down sales in India. The Harley-Davidson model- 1200CX Roadster witnessed a drastic decline in sales unit by 83 being able to record only 3 units in July 2019. It has been in the Indian market for nearly a decade but has so far managed to sell only 27000 bikes barely half of what the countrys segment leader Royal Enfield sells in a month.

As per the announcement this exit is part of a global restructuring strategy. The company reported a 96 million loss between April 2020 to June 2020 which is the first quarterly loss for the motorcycle maker. Prices shown are Ex-showroom Delhi.

The iconic US motorcycle brand is stopping manufacturing and. But the dismay goes far beyond just money lost because for many this is a harsh and abrupt end to a passionate 10-year old love affair. Harley-Davidsons poor sales record and a dented demand outlook due to the coronavirus pandemic are to blame for the companys exit from India.

Harley-Davidson to scale down India operations but wont exit market 22 Aug 2020 0951 AM IST. India TV News Desk. Of the actions approved from August 6 2020 through September 23 Harley-Davidson expects to incur restructuring expenses of around 75 million in 2020 of which approximately 80 per cent are expected to be cash expenditures including.