Advertisement
Canada markets closed

  • S&P/TSX

    21,969.24
    +83.86 (+0.38%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CAD/USD

    0.7316
    -0.0007 (-0.10%)
     

  • CRUDE OIL

    83.68
    +0.11 (+0.13%)
     

  • Bitcoin CAD

    87,447.29
    -867.46 (-0.98%)
     

  • CMC Crypto 200

    1,330.33
    -66.20 (-4.74%)
     

  • GOLD FUTURES

    2,350.90
    +8.40 (+0.36%)
     

  • RUSSELL 2000

    2,002.00
    +20.88 (+1.05%)
     

  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     

  • NASDAQ

    15,927.90
    +316.14 (+2.03%)
     

  • VOLATILITY

    15.07
    -0.30 (-1.95%)
     

  • FTSE

    8,139.83
    +60.97 (+0.75%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     
MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT RESULTS

Chevron, Exxon under pressure as falling natural gas prices hit earnings

HeroMotoCorp to Sell & Services Harley Davidson Bikes in India

The Quint
·2 min read

Hero MotoCorp on Tuesday, 27 October, announced that it has entered into a distribution agreement with American motorcycle maker Harley Davidson for the Indian market.

As per the deal, Hero will now sell and service Harley motorcycles in the country, The Hindu reported. Hero MotoCorp will develop and sell a range of premium motorcycles under the Harley Davidson brand name.

India’s largest two-wheeler maker will also sell parts and accessories and general merchandise riding gear and apparel under the Harley Davidson brand.

In a joint statement, Harley-Davidson and Hero MotoCorp said that the arrangement is mutually beneficial for both companies and riders in India, reported India Today.

ADVERTISEMENT

Also Read: Harley-Davidson’s India Journey Could Continue with Hero MotoCorp

"“Per a distribution agreement, Hero MotoCorp will sell and service Harley-Davidson motorcycles and sell parts and accessories and general merchandise riding gear and apparel through a network of brand-exclusive Harley-Davidson dealers and Hero’s existing dealership network in India. As part of a Licensing agreement, Hero MotoCorp will develop and sell a range of premium motorcycles under the Harley-Davidson brand name.” " - Hero MotoCorp said in a statement, reported Live Mint.

The agreement comes a month after Harley-Davidson announced it will halt sales and manufacture in India. This move was a plan under 'The Rewire' strategy.

The strategy aimed to focus more on approximately 50 markets, primarily in North America, Europe and parts of Asia Pacific, India Today reported. 'The Rewire' plan on September to change its business model in India.

(With inputs from India Today, Hindu, Live Mint)

. Read more on India by The Quint.Sunday View: The Best Weekend Opinion Reads, Curated Just For YouHeroMotoCorp to Sell & Services Harley Davidson Bikes in India . Read more on India by The Quint.