Harley-Davidson has had a tough going in India in the little over a decade since entering the market and has now opted to discontinue its sales and manufacturing operations in the country. According to Reuters, the parent company now expects $75 million in additional restructuring costs for 2020 and has opted to halt sales and manufacturing operations in India. (Bloomberg)As per reports, Harley's sales in India accounted for just about 5 per cent of its global total. While this is a key market for the company, it has failed to show retail sales growth in the past 14 quarters. The last quarter saw a year-on-year dip in retail sales of 27 per cent, the worst-ever in past six years.
Source: Hindustan Times September 24, 2020 11:44 UTC