DELHI, INDIA (WPR) Milwaukee-based Harley Davidson says the time is right to start selling motorcycles in India. More than a billion people live in India, and many ride motorcycles. Given economic conditions there, the company thinks people will want to up-grade to a Harley.
The company has officially opened a sales and marketing subsidiary, and is now looking to sign up dealers in India’s major cities. Speaking from Delhi, CEO Matt Levatich says there are already 100-million motorcycles in that country, but most are like scooters. He says some members of the country’s growing middle class are already shopping abroad for Harleys, and are willing to buy them despite tariffs.
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August 31st, 2009 by speed
NEW DELHI: US motorcycle maker Harley-Davidson Inc is optimistic about a recovery in the US economy but would continue to tread carefully by adopting cost-saving measures, a senior official said on Thursday.
Milwaukee-based Harley-Davidson also said it plans to start selling its motorcycles next year in India, the world’s second-largest market for bikes. It is betting on a rising middle-class population in the world’s second-fastest growing major economy to create a demand for its large and powerful machines.
Harley, whose bikes account for half of the motorcycle sales in the United States, has been hurt by a slowdown in its biggest market and last month reported a slump in second-quarter net profit and slashed its 2009 shipment forecast.
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August 30th, 2009 by speed
Based on the aggregated intelligence of 140,000-plus investors participating in Motley Fool CAPS, the Fool’s free investing community, motorcycle icon Harley-Davidson (NYSE: HOG) has received a distressing two-star ranking.
With that in mind, let’s take a closer look at Harley-Davidson’s business and see what CAPS investors are saying about the stock right now.
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August 30th, 2009 by speed
