From Ground-Zero of a Marketing Failure Is there a market for big bikes in India? All the big names have dealerships here in India – Triumph, Indian, BMW, Yamaha, Kawasaki, Honda and now some Italian brands too. India is the world’s largest market for two-wheelers overtaking China. Motorcycles and scooters can be seen everywhere in […]
Why Harley-Davidson Closed Shop in India Read More »
by Helen Pike from https://www.cbc.ca Instead of sitting at home when the pandemic shuttered Alberta’s economy, some hopped on the saddle of a motorbike and hit the streets. According to statistics provided by the Motorcycle & Moped Industry Council (MMIC), sales across the province started to climb in April and May and peaked mid-summer. Year
Motorcycles and motor scooters in high demand as car sales tank in Alberta Read More »
from https://www.rushlane.com from https://motorcycles.einnews.com from https://www.business-standard.com from https://www.thehindu.com DELHI, India, Oct. 27, 2020 (GLOBE NEWSWIRE) — Embarking on a new journey together, Harley-Davidson, Inc. (“Harley-Davidson”), the legendary motorcycle manufacturer and Hero MotoCorp, the world’s largest maker of motorcycles and scooters in terms of unit volumes, today announced that the two will ride together in India.
Hero MotoCorp to develop, sell Harley-Davidson bikes for India market Read More »
by Aditya Kalra & Aditi Shah from Reuters and https://www.business-standard.com Harley, known for its heavy touring motorcycles, struggled in India mainly because of high import duties. Harley’s 33 dealerships will likely come under Hero’s management under the new arrangement, said one of the sources. Harley-Davidson Inc is in advanced talks with India’s Hero MotoCorp for
Harley in talks with Hero for distribution deal after exiting India Read More »
from https://indianexpress.com and https://www.reuters.com The announcement comes two months after Harley unveiled a strategy to shift focus back to more profitable motorcycles and core markets such as the United States. Harley-Davidson Inc said on Thursday it would discontinue its sales and manufacturing operations in India, effectively abandoning the world’s biggest motorcycle market after a decade
Harley-Davidson to shut sales and manufacturing operations in India Read More »
from https://www.prnewswire.com DALLAS, Aug. 27, 2020 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) today announced that it expects a new fleet order for its ReVolt Electric Motorcycle to double the company’s current production outlook. Earlier this month the company announced entering into discussions regarding additional fleet orders. Management now expects to sign an order resulting
ALYI Expects To See Orders For ReVolt Electric Motorcycles Double Next Month Read More »
by Pradeep Shah from https://www.financialexpress.com The proposal by Zeitz suggests scrapping 30 percent of the current models in the favour of a more sorted lineup. So far, the models that would be axed have not been revealed but expect a lot of bikes to retire especially from the Softail family that includes as many as
Covid-19 puts low-cost 350cc Harley-Davidson bike plans in danger Read More »
by Sabrina Giacomini from https://www.rideapart.com Rising from the ashes. To say that 2020 has been an eventful year so far is an understatement. “2020, written by Stephen King” is probably the best description of this year’s events we found so far. Of course, with a pandemic forcing most of the global population into lockdown, the
Motorcycles Sales Bounce Back Post Pandemic Slump Read More »
by Margaret Naczek from https://www.bizjournals.com While retailers across the country experience tremendous hits to their businesses, Harley-Davidson dealerships in southeastern Wisconsin are seeing the pleasant surprise of busy service departments and continued sales during the Covid-19 pandemic.
Harley-Davidson dealerships see used bike success during pandemic Read More »
by Bill Roberson from https://www.forbes.com/ Iconic American motorcycle maker Harley-Davidson [HOG] continues to struggle. The company will move off the S&P 500 in the next week and will land on Standard and Poor’s MidCap 400 list of stocks instead, according to the Milwaukee Journal Sentinel. Clothier Nordstrom Inc. and Alliance Data Systems Corp. will also
Harley-Davidson To Drop From S&P 500 As Coronavirus Batters Struggling Motorcycle Maker Read More »
by Daniel Patrascu from https://www.autoevolution.com Like most other countries in the world, the UK is set to relax its distancing measures as of this week, despite the health crisis being more severe than ever. Among the distancing measures to be kept is the obligation for the Brits to wear face-coverings on all public transport means
Harley-Davidson Leads the List in Peak Demand for Motorcycles Read More »
by Rachit Vats, Sanjana Shivdas from https://www.reuters.com/ (Reuters) – Harley-Davidson Inc (HOG.N) on Thursday appointed board member and turnaround specialist Jochen Zeitz to the role of chief executive officer, as the struggling motorcycle maker looks to tap into his expertise to woo customers and revive sales. Shares of Harley, which were down 47% this year
Harley appoints turnaround specialist Jochen Zeitz to revive sales Read More »
by Abhinand Venugopal from https://www.rushlane.com Royal Enfield’s Japan operations were carried out by the importer, Wingfoot Chennai-based motorcycle manufacturer Royal Enfield operates in more than 50 countries across the globe. The automaker has a huge fan following in many parts of the world, especially for its single-cylinder ‘Classic 350’ model. In India, the company has
Royal Enfield withdraws from Japan until new importer takes charge Read More »
from https://www.livemint.com The company’s shares climbed after the motorcycle maker’s new acting chief executive officer laid out plans to cut costs The stock had plunged 49% this year through Monday’s close Harley-Davidson Inc. shares climbed after the struggling motorcycle maker’s new acting chief executive officer laid out plans to cut costs and complexity and focus
Harley-Davidson shifts strategy, to focus on core markets Read More »
by Ankit Ajmera from https://www.reuters.com (Reuters) – Harley-Davidson Inc (HOG.N) slashed its dividend and halted share buybacks on Tuesday to boost its cash reserves as global lockdowns due to the coronavirus pandemic hit motorcycle demand in the first quarter. The company has $1.47 billion in cash and is in talks with big U.S. banks to
Harley-Davidson cuts dividend, halts buybacks to preserve cash Read More »
from https://auto.economictimes.indiatimes.com The coronavirus pandemic has sparked a surge in bike sales across the United States, according to a major manufacturer and a half dozen retailers interviewed by Reuters. “I’m 51 and healthy, but I don’t want to get on the subway,” said John Donohue, a Brooklyn-based artist who bought a bike two weeks ago.
Wary of public transport, coronavirus-hit Americans turn to bikes Read More »
by Dustin Wheelen from https://www.rideapart.com Even before the World Health Organization declared COVID-19 a pandemic on March 11, 2020, many financial experts were speculating on the impact of the global crisis. Once motorcycle manufacturers and dealerships closed their doors to observe social distancing orders and promote public safety, we knew that the market could undergo
Global Motorcycle Sales In Free Fall Due To COVID-19 Read More »
by Margaret Naczek from https://www.bizjournals.com Amid the instability of the COVID-19 pandemic, Harley-Davidson Inc.’s acting president and CEO Jochen Zeitz reflected back on the advancements made in the More Roads to Harley-Davidson strategy in 2019. 2020 already was a pivotal year in the company’s strategic plan to grow more riders and expand dealership reach, but
by Priya Nigam , Benzinga Staff Writer from https://www.benzinga.com Although shares of Harley-Davidson Inc HOG 11.31% have significantly underperformed the S&P 500, the company has suspended production at most of its U.S. manufacturing facilities and shut its retail stores due to the coronavirus pandemic, according to Argus. The Harley-Davidson Analyst David Coleman downgraded Harley-Davidson from
With Harley-Davidson Production, Sales Frozen, Argus Downshifts On Stock Read More »
by Express Drives Desk from https://www.financialexpress.com Panigale, Multistrada biggest contributors to growth The Panigale and the Multistrada are said to have played an instrumental role in helping Ducati sell more than 53,000 motorcycles worldwide in 2019. Ducati Motor Holding has announced that in 2019, the brand sold 53,186 motorcycles. Recoding a margin growth of 0.3%
Ducati sells over 53,000 bikes in 2019 Read More »
by Margaret Naczek from https://www.bizjournals.com For 117 years Harley-Davidson Inc. has led the market in motorcycles and continues to hold a dominant market share in the U.S. heavyweight motorcycle market. Despite its dominance in motorcycles, fewer people are buying bikes, and the number of U.S. riders are growing at a slow pace. For several consecutive
Will 2020 mark a turnaround for motorcycle powerhouse Harley-Davidson? Read More »
Harley Davidson Street 750 was the first large-capacity motorcycle in India to become BS-VI compliant in the 750cc and above category. Premium motorcycle manufacturer Harley Davidson reported on Tuesday that it has sold more than 25,000 motorcycles since its inception in 2009. The company also informed that with this development, it completed a decade of
Harley Davidson sells over 25,000 motorcycles in India Read More »
by Carrigan Miller and Mark Reilly from https://www.bizjournals.com Polaris Inc. stock is up sharply Tuesday morning after the maker of ATVs, snowmobiles and motorcycles reported better-than-expected profits for the fourth quarter, driven in part by the rollout of a new Indian motorcycle. The Medina, Minnesota-based manufacturer posted income of $98.9 million for the quarter, or
Indian motorcycle sales surge 37% following rollout of Challenger Read More »
by Paul R. La Monica from https://edition.cnn.com/ New York (CNN Business)Harley-Davidson has a big problem. Americans aren’t riding its trademark hogs nearly as much as they used to do. Shares of Harley-Davidson (HOG) fell 3% in early trading Tuesday after the company reported sales and earnings that missed Wall Street’s forecasts. The stock is now
Harley-Davidson’s stock tanks as motorcycle sales continue to slide Read More »
