Economy

Developing ' small-displacement motorcycle' for India: Harley-Davidson

Developing ' small-displacement motorcycle' for India: Harley-Davidson

Harley-Davidson Inc. said Monday it would make up to $275 million in capital investments to stimulate growth through new motorcycles, including smaller bikes built through an alliance with an Asian manufacturer.

According to a release from the company, the new strategy will require “significant investment to change the trajectory of the business globally, ” and will be funded internally by “comprehensive cost reduction and reallocation of previously planned investment and resources.”.

Harley says its working with e-commerce vendors to get its offerings in front of “millions of potential new customers.” It's also planning urban storefronts - smaller than most existing retailers - to build brand recognition in urban populations and expand apparel distribution. The first of these models will be Harley-Davidson's first adventure touring motorcycle, the Harley-Davidson Pan America 1250. "This new product and broader distribution is meant to fuel Harley-Davidson's customer access and growth in India, one of the largest, fastest growing markets in the world, and other Asia markets". The bike maker is said to be scouting for a strategic partnership with an Asian bike maker to manufacturer motorcycles in this fast-growing segment, now dominated by home-grown Royal Enfield, according to a news report in the Economic Times.

The bikes are popular in northern Wisconsin, where there are hundreds of miles of gravel roads and trails through the woods.

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The ruble fell further Friday morning, reaching its lowest level since August 2016, before rebounding slightly. And our American friends need to understand this", he said, speaking on a trip to the Russian Far East.

"We expect this plan will result in an engaged, expanded Harley-Davidson community with a more diverse rider base, along with industry-leading margins and cash flow".

The EU's move prompted Harley to announce it will send some motorcycle production from the U.S.to its overseas factories - located in India, Brazil and Thailand - where the bikes can be built and shipped to Europe without steep tariffs.

President Trump has been a critic of Harleys decision.

Harley said its US motorcycle sales fell in the recent quarter that ended July 1, and it reported a 6.4 percent drop in profit.

Cal Fire Mechanic Killed In Crash On Way To Battle Carr Fire
CalFire noted on its web site that "heavy timber and fuel loading have challenged firefighting efforts" to contain the Carr Fire . The fire has grown quickly because of high temperatures and the area's steep terrain, according to the Cleveland National Forest.

Auto analyst said India is emerging as a huge market for the United States brand along with some other Asian markets which would fuel its growth. Those tariffs were imposed by the European Union after the United States set tariffs on steel and aluminum.

Harley-Davidson sells 16 models in India ranging from Street 750 with starting price of Rs 5.25 lakh to CVO LIMITED tagged at Rs 49.99 lakh. Its V-Twin engines are made in Milwaukee, and there's a small factory in Tomahawk that makes fiberglass and plastic components for some of the company's most expensive touring bikes. The 250-500-cc motorcycle market in India grew to 833,000 units at the end of FY18, accounting for 6.6 per cent of the overall motorcycle market.

As online sales have been taking over, consumer spending on “discretionary, premium” products like motorcycles in China, India and Southeast Asia has been on the rise as well.

Jose Mourinho criticises Manchester United summer - Leicester spent more than us
Martin Fisher: Jose Mourinho rarely smiled last season and his expression hasn't changed after a summer of frustration . Barcelona are keen on signing Paul Pogba , but United don't want to sell. "Pogba was a monster", Mourinho said.


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