Harley-Davidson Financial News

Subscribe to enjoy similar stories.When Wells Fargo told the fintech Bilt that it would no longer be the lender for its rent-rewards credit card, Bilt scrambled to find another large bank partner. When that failed, Bilt wound up with private-credit funding.In February, Bilt struck a deal to move roughly $1.2 billion of credit-card balances with funding arranged by a group including Blue Owl Capital and Stone Point Capital as well as Goldman Sachs and TD, according to people familiar with the deal.The companies also agreed to fund hundreds of millions of dollars of credit-card balances that Bilt cardholders will incur in the future, the people said.Consumer debt has become one of the hottest categories in private credit, increasingly sought after by funds and investment arms of insurance companies on the hunt for high-yielding investments.Private credit is in focus on Wall Street right now because of the loans that fund managers have made to software and other companies, often as part of private-equity buyouts, that are now running into trouble.

Subscribe to enjoy similar stories. Ever since Donald Trump first became US President, India’s high import duty on Harley Davidson motorcycles has been a pet peeve of his against Indian policy.

Subscribe to enjoy similar stories. A Harley-Davidson isn’t cheap, no matter where you buy it. But if the European Union imposes a 50% retaliatory tariff on the company’s motorcycles in April, prices could reach astounding heights in Harley’s second-largest market by sales.

Subscribe to enjoy similar stories. Hero MotoCorp Ltd, the world’s largest two-wheeler manufacturer, is navigating rough terrain. A shrinking market share, a string of high-profile management exits, and struggles in the premium and electric vehicle (EV) segments have put India’s motorcycle giant on the defensive.

Subscribe to enjoy similar stories. During the wee hours on Sunday mornings, there isn’t much traffic on the Yamuna Expressway. Most people stay indoors, preferring the comfort of their homes as the mercury rises steadily.

Donald Trump's push to boost American production and exports, ToI reported. However, across-the-board duty reductions may not necessarily translate into higher US shipments to India, as companies are likely to source goods from more competitive markets like China or Southeast Asia. Despite the tariff debates, American brands such as Harley-Davidson and Tesla do not currently manufacture vehicles in the US for export to India. Harley-Davidson, a brand often associated with US presidents, imports its motorcycles from Thailand, while Tesla—on the verge of entering the Indian market—plans to ship its electric vehicles from Germany after Indian authorities discouraged imports from China. Locational advantages, lower freight costs, and economies of scale make it more profitable for companies to manufacture in other countries rather than the US. Many firms also take advantage of India's free trade agreements to ship goods at zero duty.

Narendra Modi set to visit the U.S., the Union Budget has proposed a major cut in customs duties on fully built motorcycles with engine capacities above 1,600cc—from 50% to 30%. This move benefits high-end brands like Harley-Davidson, Ducati, Honda, and Suzuki, making these motorcycles more accessible to Indian buyers.

Hero MotoCorp shares slid 3.5% to an intraday low of Rs 4,159.90 on the BSE after the company on Thursday reported a 17.5% year-on-year decline in total sales for December, with volumes falling to 3.24 lakh units compared to 3.93 lakh units in the same month last year. The automaker sold 2.94 lakh units domestically in December, 22% lower than the 3.8 lakh units sold in the same period in 2023. However, exports soared by 91%, reaching 30,754 units, up from 12,110 units in the same period last year, according to the company's regulatory filing.

Donald Trump, he has got a clear lead over his rival President Joe Biden for the November presidential elections. While Trump's re-election will be seen as favourable for India given his chemistry with Prime Minister Narendra Modi and his stance on Russia and China, there are concerns that a Trump presidency might be challenging for India on trade and tariffs.

Hero MotoCorp and Harley-Davidson Inc are set to expand their partnership to bring more models of the iconic US motorcycle maker to India, riding on the overwhelming response to the X-440, multiple people aware of the negotiations told ET. The two companies are close to finalising an agreement to broaden their existing partnership, which is limited to a single model, the sources said. The pact could also include manufacturing of Harley-Davidson models for export to other markets, they said. An announcement is likely within weeks, they added. Hero MotoCorp and Harley-Davidson did not respond to ET's queries until press time on Sunday.

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Hero MotoCorp CEO Niranjan Gupta anticipates a double-digit revenue surge in the domestic two-wheeler industry in the upcoming fiscal year. He suggests that the demand for premium models is likely to escalate further. The country's largest two-wheeler manufacturer, having reported a total income of ₹10,031 crore in the October-December quarter of the current fiscal year, foresees improved performance in the entry-level segment in the future.

two-wheeler industry is expected to witness a double-digit revenue growth next fiscal with demand for premium models anticipated to gain further momentum, according to Hero MotoCorp CEO Niranjan Gupta. The country's largest two-wheeler maker, which reported a total income of Rs 10,031 crore in the October-December quarter this fiscal, also expects the entry level segment to do better going ahead. «As far as the demand is concerned, as we have been saying, we do expect the industry to grow double digit on revenue in the coming year at the least,» Gupta said in an analyst call. He noted that in the domestic two-wheeler space there is a shift taking place towards premiumisation with buyers looking for feature-rich trims.

₹177,758 a unit, registering nearly 10% growth. Softer raw material costs supported operating profitability, with Eicher’s Ebitda increasing by 27% to ₹1,090 crore in Q3. Exports volumes (6.4% of the total in Q3) were a big drag, falling 24% year-on-year, while domestic volumes were up 5.6%.

Hero MotoCorp has revealed the prices of its much awaited Mavrick 440. The flagship motorbike will be offered in the Base, Mild and Top variants. These are priced at ₹1.99 lakh, ₹2.14 lakh and ₹2.24 lakh, respectively.

Hero MotoCorp is gearing up to introduce a new motorcycle to the Indian market on January 23rd. This upcoming bike will mark the second collaboration between Harley-Davidson and Hero MotoCorp. The initial result of this partnership was the Harley-Davidson X440, and Hero MotoCorp's iteration is set to be named Mavrick.

Hero MotoCorp has officially announced the name of its upcoming leading motorcycle, naming it 'Maverick.' The company had recently trademarked two names, Mavrick and Hurikan, sparking speculation about the name of the new streetfighter, reported HT Auto. The Hero Mavrick 440 emerged as the chosen name and is set to be the Indian brand's version built on the same platform as the Harley-Davidson X440. The launch date for the Hero Mavrick 440 is slated for January 23, 2024.

Hero MotoCorp, known for its budget-friendly commuter and mid-range motorcycles, is making a significant shift towards the premium, sporty motorcycle segments. The company has recently teased its upcoming release, a 440cc motorcycle, scheduled for launch on January 22.

₹2499 or a weekend pass for ₹2999 by visiting the official website of IBW. This motorcycling festival is organized by Seventy EMG in collaboration with Gulf Syntrac. The motorcycling festival features six diverse tracks, including three race tracks sponsored by CEAT.

Hero Motocorp is back on investors’ radar driven by rising conviction on premiumisation led earnings growth and higher two-wheeler volume growth on a low base. This is likely to offset the concern about a drop in the market share in the medium term.