Harley-Davidson & Hero MotoCorp announce agreements for India market

Embarking on a new journey together, Harley-Davidson, Inc., 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.

Per a distribution agreement, Hero MotoCorp will sell and service Harley-Davidson motorcycles, and sell Parts & Accessories and General Merchandise riding gear and apparel through a network of brand-exclusive Harley-Davidson dealers and Hero's existing dealership network in India.

As part of a Licensing agreement, Hero MotoCorp will develop and sell a range of premium motorcycles under the Harley-Davidson brand name.

These actions are aligned with Harley-Davidson's business overhaul, The Rewire, and the company's announcement in September to change its business model in India.

This arrangement is mutually beneficial for both companies and riders in India, as it brings together the iconic Harley-Davidson brand with the strong distribution network and customer service of Hero MotoCorp.

Shares of HERO MOTOCORP LTD. was last trading in BSE at Rs.2912.7 as compared to the previous close of Rs. 2897.8. The total number of shares traded during the day was 65745 in over 9022 trades.

The stock hit an intraday high of Rs. 2975.9 and intraday low of 2854. The net turnover during the day was Rs. 192163738.

Source : Equity Bulls

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