Harley Davidson India Exit

The iconic American motorcycle brand has announced that it will be shutting down its sales and manufacturing operations in the country.

Harley davidson india exit. 24 Harley-Davidson said that it had decided to shut down its only factory in India due to low sales volumes. In 2019 the failure of Miami-based UM Motorcycles here led to a loss of over 150 crore to its dealers. Company is Cutting down staff and laying off 70 employees in India.

Harley-davidsons exit from india The US premium motorcycle company has recently announced its departure from India the worlds second largest two-wheelers market. September 24 2020 739 AM EDT Motorcycle maker says it will dismiss another 70 employees. 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.

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 logo AP. When Harley-Davidson entered India in 2010 it was the second-fastest growing two-wheeler market in the world behind China.

American cult bikemaker Harley-Davidson often used by US President Donald Trump in trade diplomacy with India is shutting down its only factory in India on below-par business as it. Harley-Davidson Inc said on Thursday it would discontinue its sales and manufacturing operations in India effectively abandoning the worlds biggest motorcycle market after a. Its dealers are heavily hit.

Harley-Davidson to exit India On Sept. Harley Davidson Inc the cult bike maker is shutting down its factory in India due to low sales. Harley-Davidson Exits India in Latest Setback By.

The company is reportedly paying a compensation package of 1500 per sqft. Iconic American motorcycle maker Harley-Davidson Motor Co. FADA said that Harley dealers were not informed about the exit earlier and they received only a very minor compensation from the American company.