Harley-Davidson Sees India As Global Motorcycle Making Hub
Portfolio Pulse from Arpit Nayak
Harley-Davidson (NYSE:HOG) is considering using its Indian facilities to manufacture motorcycles for global markets. The company, which discontinued manufacturing operations in India in 2020, has partnered with Hero MotoCorp to sell imported bikes in the country. Their joint venture's first product, the X440, is aimed at challenging Royal Enfield's dominance in the premium bike category. Harley-Davidson's renewed focus on India comes amid increasing commercial and defense engagement between the US and India.
July 10, 2023 | 12:10 pm
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POSITIVE IMPACT
Harley-Davidson's plan to use its Indian facilities for global production could potentially increase its market share and revenues. The partnership with Hero MotoCorp and the focus on the Indian market could also boost sales.
Harley-Davidson's decision to use its Indian facilities for global production could potentially reduce costs and increase profitability. The partnership with Hero MotoCorp could also help the company penetrate the Indian market and increase sales, which would positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100