Harley Davidson India Exit News

The aim of this Rewire strategy is to restructure costs and focus more on 50 0f the companys high growth.

Harley davidson india exit news. The company reported a 96 million loss between April 2020 to June 2020 which is the first quarterly loss for the motorcycle maker. Having sold less than 2500 units India is one of the companys worst. 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.

Harley-Davidsons poor sales record and a dented demand outlook due to the coronavirus pandemic are to blame for the companys exit from India. Royal Enfield has successfull y created an affordable but strong brand alternative to Harley-Davidson. What is the reason for Harley-Davidsons near Exit from India.

24 Harley-Davidson said that it had decided to shut down its only factory in India due to low sales volumes. Harley-Davidson exit India. The announcement comes as part of the Rewire strategy.

India is the largest motor-cycle market in the. Harley-Davidsons entry bike in India was the Street 750 with a price tag of Rs 47 lakh. HARLEY-DAVIDSONS EXIT FROM INDIA.

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. The cult bike makers decision to exit India will mean 70 employees will be left redundant the company said. Recommended 91 octane 95 RON or higher fuel RM2.

Values shown are nominal. India Business News. In 2010 Harley-Davidson enters into Indian motorcycle market and in 10 years Harley managed to sold 25000 units only.