for a distribution deal which will allow the U.S. firm's iconic motorcycles to be sold in India, after it stops local manufacturing there, three sources told Reuters.
The Milwaukee-based company said on Thursday it will stop sales and shut its manufacturing plant in India, effectively abandoning the world’s biggest motorcycle market after a decade of unsuccessful efforts to gain a foothold. “Hero will be the master distributor for Harley bikes in India ... This will be a partnership, a strategic alliance,” said one of the sources, all of whom declined to be named as the discussions were private.
Hero MotoCorp, which is the India’s largest two-wheeler manufacturer by sales, said it doesn’t comment on market speculation. It produced 6.4 million two-wheeler scooters and motorcycles in the fiscal year ending March 2020, a third of India’s total output.
Hero's biggest. The 200cc Xtreme. Thanks for the tariffs, Trump.
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