Harley-Davidson reported a 10.9% growth in motorcycle sales in the fourth quarter and a total annual growth of 5.9% for 2011. The growth resulted in a net profit of $599.1 million for Harley-Davidson. The Motor Company sold 235,188 motorcycles in 2011, up from 222,110 units sold in 2010. Fourth quarter sales totaled 40,359 units, an […]
Harley-Davidson to Assemble More Models in India
Harley-Davidson is expanding its assembly operations in India, increasing the number of models imported as complete knockdown kits to nine. Harley-Davidson will now assemble the Fat Boy, Fat Boy Special and Heritage Softail Classic in India, joining six models already being assembled in India.
The move follows India’s new budget which increases import duties on motorcycles with engines larger than 800cc to 75% from the previous rate of 60%. The higher duties would have resulted in higher prices for the three models. By moving assembly to India, Harley-Davidson was instead able to reduce the prices for the three models by over 20%.
Harley-Davidson now assembles nine of the 12 models it offers in India at its facility in Haryana, India. Anoop Prakash, managing director of Harley-Davidson India, tells Indian Express the company had long planned to increase its CKD operations in India.
“Since we entered India in 2009, we have been consistent with our plans have more local assembly of our products and make them accessible to more enthusiasts and customers across the country. The CKD operations of the three models is another step towards it.”
[Source: Indian Express]