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Harley Davidson shuts down operations in Indian markets; Talks with Hero Moto Corp on

ET Now's Uttkarsh says that US Two Wheeler giant Harley Davidson has decided to shut shop in the Indian markets. After selling performance bikes in India for almost 10 years the company in the Rewire strategy has decided to stop manufacturing as well as sales in the Indian markets.

Harley Davidson has been talking to Indian Two Wheeler manufacturers for their Indian operations. Bajaj and TVS had not been interested due to their current international commitments. M&M with their strategy to reduce capex for this fiscal led the talks to fail. The company was in talks with Hero Moto Corp till last week but our sources had told us that the talks are going too slow.