Harley-Davidson Inc. is riding out of India. That¡¯s as much of a problem for the American motorcycle icon as for one of the largest two-wheeler markets looking to make its mark globally.
Harley said in a regulatory filing Thursday that it was discontinuing sales and manufacturing operations in the world¡¯s second most populous country as part of its company-wide restructuring, or the ¡°Rewire¡± plan, a five-year strategy to reset its business, focus on high-priority markets and tighten up by streamlining models.
That the Milwaukee, Wisconsin-based company is pulling out of a thriving market for motorbikes speaks to a troubled international strategy in need of overhaul. It comes as Prime Minister Narendra Modi is pushing his ¡°Make in India¡± program, with the autos sector (including two-wheelers) as a key part and potentially $23 billion in production incentives on the way. Nonetheless, Toyota Motor Corp. said last week it won¡¯t expand further there.
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