No Sale, No Manufacturing: Harley-Davidson To Exit India
US motorcycle maker Harley-Davidson has decided to shut down its operations in India due to sluggish business in the country.
According to Reuters, the company on Thursday informed that it may report $75 million in additional restructuring costs for 2020 related to actions including discontinuing its sales and manufacturing operations in India.
The announcement from Harley came two months after it unveiled a strategy to shift focus back to more profitable motorcycles and core markets such as the United States.
Harley said that it now expects total restructuring costs of about $169 million in 2020, and this will also include a workforce reduction of about 70 employees in India, a market where its annual sales volumes account for less than 5% of the company’s total, the media house reported.