Harley Davidson India Exit

American bike maker Harley-Davidson is shutting down its India operations as a part of its restructuring plan referred to as The Rewire under.

Harley davidson india exit. The brands network in India is now watching for what its new innings with Hero MotoCorp may bring. Harley Davidson logo AP. Harley Davidson Inc the cult bike maker is shutting down its factory in India due to low sales.

Harley-Davidson made an announcement yesterday that it will be exiting the Indian market. Iconic American motorcycle maker Harley-Davidson Motor Co. The company reported a 96 million loss between April 2020 to June 2020 which is the first quarterly loss for the motorcycle maker.

Harley Davidsons decision to exit India came as a bolt out of the blue for both customers and dealers. Move part of Harley Davidsons global restructuring plan to cut costs. But its 33 dealers have collectively sold just 25000 motorcycles since.

Harley-Davidson is ending operations in India as part of Rewire strategy. When Harley-Davidson entered India in 2010 it was the second-fastest growing two-wheeler market in the world behind China. US bike maker Harley-Davidson has announced that it will discontinue sales and manufacturing operations in India as part of its rewire program in the wake of the Covid-19 pandemic.

Harley Davidson ends India operations 70 employees to be laid off Only last August the company completed a decade in the market but longevity is. This news didnt come as a surprise as it had been struggling with sales and revenue in. Harley-Davidsons India exit has left a number of people in the dark.

Despite an almost cult-like following in several markets besides the US Harley-Davidson has been facing financial difficulties for quite some time now. This exit is part of the companys decision to get out of all those markets that are showing. Industry sources said the company is looking to tie up with a partner to run its business in the country.