Business

Harley-Davidson could leave India due to poor sales

The iconic American Harley-Davidson motorcycle may no longer be produced in India, based on indications of their sales performance and announcements from global management.

The company, which started its activities in India in 2009, has a factory in Bawal (Haryana).

Before the Covid-19 pandemic, the sector was already going through a prolonged slowdown. The pandemic has only made matters worse, especially for premium segments of the country which is the largest market for two-wheelers.

Responding to a question about the reports, Harley-Davidson India said: “Harley-Davidson does not comment on speculation and rumors.”

In a recent announcement on “business rewiring” plans, Harley-Davidson said: “Harley-Davidson plans to focus on about 50 markets primarily in North America, Europe and parts of Asia. -Pacific which represent the vast majority of the volume of the company. and the potential for growth. The company is evaluating exit plans from international markets where volumes and profitability do not support continued investments in line with future strategy. “

It was also reported that Sajeev Rajasekharan, Managing Director, Asia Emerging Markets and India, would be relocated to Singapore and their sales and marketing operations in India would be reduced.

An HD report said its retail sales were down 10% in the Asia-Pacific region in the second quarter of 2020 compared to the same period in 2019.

In India, data from the Society of Indian Automobile Manufacturers (SIAM) showed that the company’s national cumulative revenue in fiscal year 2019-20 was just under 2,500 units (2,470 for 2019-20 against 2676 for 2018-19). By comparison, Royal Enfield sold just over 42,000 units in the 2019-20 fiscal year, according to SIAM.

If the company’s exit plans are true and there is an import of motorcycles, it will significantly increase the cost of purchase due to the high import duties and taxes that are imposed on fully built units (CBU ). In fact, US President Donald Trump has repeatedly criticized India for the high cost of importing HD motorcycles to India.

India is primarily a mass market for commuters for motorcycles. Although there are takers for large bikes, sales of premium segment motorcycles are very low compared to the overall market.

Recently, HD announced the prices of its BS-VI range and even reduced the prices of its cheapest model (Street 750 is now Rs 4.69 lakh, ex-Delhi showroom). The company sells 13 models in India. The Fat Boy is priced at Rs 18.25 lakh, while the CVO Limited is around Rs 50 lakh.

HD has 33 dealers across India. The HD family makers of the Street family and the factory also assemble completely disassembled kits of larger motorcycles.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: cgurgu@internetmarketingcompany.BizWebsite: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

picture credit