Harley Davidson India Shut Down
The American company expects to incur restructuring expenses of around 75 million in 2020 as part of its The Rewire process.
Harley davidson india shut down. United States based premium bike maker Harley-Davidson is planning to shut down its assembly operations in India according to a report published in The Hindu. 117 year old iconic motorcycle brand Harley Davidson has shut down Indian operations and quit manufacturing and sales operatons in India. Harley-Davidson announced that it will shut down its manufacturing operations in our country.
Harley-Davidson said on Thursday it will shut down manufacturing and sales operations in India. A revolution of power and performance. According to the report the company had sent feelers to a few automakers for an outsourcing arrangement using its leased assembly facility at Bawal in Haryana.
Harley Davidson has announced their official exit from the Indian market. Harley-Davidson plans to shut down its assembly unit in Bawal Haryana state and lay off 70 employees. The move is part of the Milwaukee-based companys Rewire strategy announced earlier this year.
Under its The Rewire strategy revealed in July it. In India in the April to June quarter Harley Davidson could only sell 106 motorcycles which is a massive drop of 87 percent from the corresponding period last year. Harley-Davidson shuts down India operations.
US motorcycle maker Harley-Davidson has confirmed that it is exiting the Indian market as it looks to restructure operations and optimise its global dealer network amid slowing sales. The announcement comes as part of Harley-Davidsons new. The move involves 75 million in restructuring costs some 70 redundancies and the closure of its lone plant in Bawal Haryana.
Harley-Davidson has been reeling from severe sales decline. The company has announced that it will shut down its manufacturing plant in Bawal Haryana. Harley-Davidson H-D Americas most popular motorcycle brand is shutting down its sales and manufacturing operations in India as part of its strategy to reduce costs and refocus its efforts on more profitable markets.
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