Harley-Davidson to exit world's biggest bike market

Harley-Davidson to exit world's biggest bike market

Harley-Davidson is pulling out of India, the world’s biggest motorcycle market.

The iconic US motorcycle brand is stopping manufacturing and massively scaling back its sales operations.

Harley’s decision comes weeks after Toyota said it wouldn’t expand further in India due to the country’s high tax regime.

The exit is a blow for Indian Prime Minister Narendra Modi’s efforts to lure or retain foreign manufacturers.

Harley’s departure involves $75m (£59m) in restructuring costs, around 70 redundancies and the closure of its Bawal plant in northern India.

The plant was opened in 2011 but Harley-Davidson has struggled to compete with local brand Hero as well as Japan’s Honda.

About 17 million motorcycles and scooters are sold each year in India.

BBC

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