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Motorcycles

Harley-Davidson Discontinues Operations in India After Decade of Unsuccessful Efforts

Reuters | Equities.com |

Harley-Davidson Inc said on Thursday it would discontinue its sales and manufacturing operations in India, effectively abandoning the world's biggest motorcycle market after a decade of unsuccessful efforts to gain a foothold.

Harley had spent recent months moving dealerships in the country to cheaper locations, and the announcement followed speculation in Indian media a month ago that executives had played down.

The move involves $75 million in restructuring costs, some 70 redundancies and the closure of its Bawal plant, walking away from a market worth about 17 million bike and scooter sales a year. It will retain only a scaled-down sales office in Gurgaon, south of New Delhi.


Honda Reports Quarterly Profit Drop While Wuhan Plants Remain Shut

AP News | Equities.com |

Honda reported Friday a nearly 31% dive in quarterly profit as strong demand for motorcycles failed to make up for falling vehicles sales.


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