Leading expensive motorbike maker Harley-Davidson said it has decided to shut its manufacturing unit in India as part of its global restructuring plan, The Economic Times report.
The United States (US) based company also said it would also discontinue the sales of its motorcycles in India.
"Between August 6, 2020 and September 23, 2020, the company approved commitments to additional restructuring actions under The Rewire related to optimising its global dealer network, exiting certain international markets, and discontinuing its sales and manufacturing operations in India," the company said in a Securities and Exchange Commission (SEC) filing in the US.
The bike maker's name had popped up several times during US President Donald's India visit in February this year as he complained of high tariffs by the Asian country. The company later successfully persuaded the Indian government to mould its tax policy that could favour the bike maker.
As per the report, Harley-Davidson is currently evaluating multiple possibilities in India including a possible partnership with Indian giant Hero MotoCorp. However, the two companies did not comment on the matter.
"The India action will include an associated workforce reduction of approximately 70 employees," Harley-Davidson said in a separate statement in India, while adding its reconfiguring is operations and market structure.
“Harley-Davidson plans to close its manufacturing facility in Bawal (Haryana) and significantly reduce the size of its sales office in Gurgaon," it said in the press release.
"The Harley-Davidson (India) dealer network will continue to serve customers through the contract term."
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.