Zero-duty imports of Harley-Davidson motorcycles above 800 cc may sharpen competition at the premium end but are unlikely to disrupt domestic players such as Hero MotoCorp, analysts said
India will grant zero-duty access to US motorcycle makers for bikes with engine capacities of 800-1,600 cc and above under the interim trade agreement, a move that would benefit iconic American brand Harley-Davidson, an official said on Saturday. Last year, the government had reduced import duty on motorcycles with engine capacities of up to 1,600 cc, which are imported as completely built-up (CBU) units, from 50 per cent to 40 per cent. For motorcycles with engine capacities exceeding 1,600 cc, the duty was curtailed to 30 per cent from 50 per cent. India and the US on Saturday issued a joint statement on an interim trade pact, which is expected to be signed by mid-March. The official said that the duty elimination will come into effect on the day of the implementation of the agreement. India is a small market for high-end premium bikes and the US' share in the segment is miniscule. In October 2020, Hero MotoCorp and Harley-Davidson announced a partnership for the Indian market.
Hero MotoCorp and Harley Davidson collaboration, ongoing since 2020, will cater to domestic and selected international markets
The company on Thursday trimmed its 2024 outlook, projecting motorcycle revenue down 14 per cent to 16 per cent and operating profit margins between 7.5 per cent and 8.5 per cent
The company on Thursday trimmed its 2024 outlook, projecting motorcycle revenue down 14 per cent to 16 per cent and operating profit margins between 7.5 per cent and 8.5 per cent
Other foreign brands are also re-entering India or making fresh plans to capitalise on the opportunities the country offers
The market for premium motorcycles in India is expanding, and US-based two-wheeler maker Harley Davidson is keen on more joint ventures with Hero MotoCorp
Harley Davidson and Hero MotoCorp announced prices of the upcoming motorcycles in India. The motorcycle price begins at Rs 13.39 lakh (ex-showroom)
Global motorcycle shipments, including those of Cruiser, Trike and Touring bikes, fell 7% in the quarter from a year earlier
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Like Triumph, US giant Harley-Davidson Inc. is also renewing efforts in India, where Royal Enfield is revered to a similar extent as Harley is in the US
The bike was launched at a starting price of Rs 2.29 lakh, however, it was later raised by Rs 10,500 to Rs 2,39,500
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Hundreds of similar fan clubs across India have transformed Royal Enfield into more than a motorcycle brand; it's a cultural phenomenon
Indian bike maker Hero MotoCorp on Tuesday said it received over 25,000 bookings for the world's cheapest Harley Davidson motorcycle, sending shares up over 3%.
In an exchange filing, the company said that it would start production of the Harley Davidson X440 in September 2023 and commence deliveries from October onwards
The company said that the production capacity has been ramped up in response to the demand trends
This time the company has teamed up with Hero Motor Co, the world's largest motorcycle maker, to make the bikes with prices below Rs 2.33 lakh ($2,841)