Photo by Nitot Credit: Nitot via Wikimedia Commons
The legendary bike company Harley-Davidson is pulling out of
India. India is the biggest market in the world for bikes. The company has
stated that it is stopping manufacturing and selling operations in India. The
tax regime in India has proved troublesome for businesses to operate inside the
country and last week, Toyota had also announced that they had no plans to
expand further in India. General Motors also pulled out in 2017.
This move by Harley-Davidson comes as a blow to India as the
government has been trying to lure international businesses into the country. It
will result in 70 redundancies and the closure of its plant in North India. Harley
Davidson was found in 1903 and has developed a loyal fan base across the world
with numerous clubs existing glorifying the motorcycle company.
Harley Davidson came to mainstream attention after the bikes
were heavily featured in the American movie, “Easy Rider” starring Peter Fonda
and Jack Nicholson.
