Harley sees US recovery, enters India
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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