Harley-Davidson Financial News

Black Friday, a worrisome sign for an economy that has so far depended on the US consumer to stave off a recession. In the three months ahead of the all-important holiday shopping season, a group of retailers that cater to the upper middle class — including Apple, Coach and Nordstrom — saw its biggest sales drop in two years, according to an exclusive analysis of Bloomberg Second Measure data. The malaise also hit top-performing malls in wealthier areas, even as overall retail-sales figures march higher.

Hero Motocorp posted a net profit of ₹1,054 crore in the second quarter of fiscal year 2023-24, which is 47 percent higher as compared to ₹716 crore reported in the year-ago period, as per the financial results declared by the company on November 1. The automobile major clocked an operational revenue of ₹9,445 crore during Q2FY24, higher by 4.1 percent as compared to ₹9,075 crore recorded in the corresponding period of the previous fiscal.

₹2,39,500, ₹2,59,500, and ₹2,79,500, respectively. Harley-Davidson X440 has an air-oil cooled engine with a 440 cc capacity, redlining at 8,000 RPM, indicating a potential long-stroke engine design.

Bajaj Auto and Hero MotoCorp have ventured into the 400cc-500cc range with Triumph and Harley-Davidson branding, respectively. TVS Motor Company is also a contract manufacturer for BMW’s highly popular G310R.

Hero MotoCorp plans to roll out new models and ramp up the sales network as it looks to have a substantial market share in the premium bike segment in the domestic market, CEO Niranjan Gupta said on Tuesday. The country's largest two-wheeler maker currently has just 4-5 per cent market share in the premium bike segment which has been growing at a rate of 20-25 per cent per year. The company, which is a leading player in the entry-level and commuter segments below 150 cc, is looking to introduce a new product every quarter in the next one year to ramp up its presence in the 150cc to 450cc bike segment. «The game for us (premium segment) is just starting.

Donald Trump described India as a ‘tariff king’ and in May 2019, terminated India's preferential market access alleging that the country has not given the US equitable and reasonable access to its markets. In an interview with Fox Business News, Trump heavily came down on Indian tax rates which he said were ‘quite high’ to over 100 percent. “The other thing I want to have is a matching tax where, if India charges us -- India is very big with tariffs.

Donald Trump, who is seeking his term, has once again raised the issue of high tax by India on certain American products in particular the iconic Harley-Davidson motorcycles, and has threatened to slap with reciprocal tax if voted to power in the 2024 presidential elections. During his first term as the US president, Trump described India as a «tariff king» and in May 2019, terminated India's preferential market access — Generalised System of Preferences (GSP) — to the United States alleging India has not given the United States «equitable and reasonable access to its markets.» In an interview to Larry Kudlow of Fox Business News, Trump said came down heavily on India tax rates, which he alleged was quite high. «The other thing I want to have is a matching tax where, if India charges us — India is very big with tariffs.

Hero MotoCorp is now looking at sustainable growth, enhancing market share across segments on the back of new product launches over the next few quarters, according to a top company executive. The country's largest two-wheeler maker is also looking at enhancing production capacity to roll out Harley-Davidson X440 which has already received over 25,000 bookings.

Hero MotoCorp, having restored its margins to pre-Covid levels, is now focused on achieving sustainable growth. The company aims to boost its market share across various segments through the introduction of new products in the coming quarters, as stated by a senior company executive, reported PTI. The nation's leading two-wheeler manufacturer is actively working on increasing its production capacity to facilitate the launch of the highly-anticipated Harley-Davidson X440, which has already garnered more than 25,000 bookings.

Hero MotoCorp today announced that it has received a total of 25,597 bookings for the Harley-Davidson X440 up to the present date. The booking window, which initially opened on July 4, has now been closed, with details about the forthcoming booking window set to be disclosed soon, according to a statement by the company.

Hero MotoCorp share price rallied over 4% on Tuesday after the company announced it received more than 25,000 bookings for the recently launched Harley Davidson X440. Hero MotoCorp shares gained as much as 4.58% to ₹3,088.00 apiece on the BSE. In a regulatory filing on Monday, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, said that it received 25,597 bookings for the Harley-Davidson X440, since opening the bookings on the July 4, 2023.

Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has received 25,597 bookings for the Harley Davidson X440, since opening the bookings on the 4th of July, 2023. The booking window has now been closed, and the new booking window will be announced soon. Hero MotoCorp will start production of the Harley-Davidson X440 in September 2023 and commence customer deliveries from October onwards.

Hero MotoCorp and Harley-Davidson made an announcement about the X440 motorcycle, the first product resulting from their collaboration. The companies expressed their delight over the "highly positive response in customer bookings" for this motorcycle, which is considered the most affordable Harley in the world. In light of the strong demand, Hero has decided to close the booking window for the Harley-Davidson X440 on August 3, 2023.

Harley-Davidson's latest 440cc platform was never meant to be limited to just the X440 roadster model it initially launched. According to a report by AutoCar India, Hero MotoCorp is already known to be developing its own bike using this engine, set to arrive next year. Now, there are indications about Harley's second 440cc bike, as Hero MotoCorp has filed a trademark for the name "Nightster 440" in India, suggesting it might be utilized for Harley's upcoming model.

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades at Yelp, Carnival, Cisco, and Harley-Davidson, and a downgrade for Carvana.

Harley-Davidson and Triumph have surprised the industry by introducing their most affordable models globally in India, the largest motorbike market by sales. To achieve these competitive prices, they are now producing the bikes within India through domestic partnerships, bringing down the costs to below 233,000 rupees ($2,841).

Harley-Davidson and British rival Triumph have revved up India's premium motorcycle market with aggressively priced models that analysts said could dent the over half-century dominance of local champion Royal Enfield. The duo surprised the industry this month by unveiling their cheapest models globally in the largest motorbike market by sales, where their expensive imports have long struggled for market share. This time, they are making the bikes in India with domestic partners to bring prices below Rs 2,33,000.

«Not yet fully convinced on any specific name that we can talk about but not so much the PSUs. Elsewhere in the sector, there are some possibilities of finding an opportunity here,» says Rakshit Ranjan, Marcellus Investment.Let us begin by talking about the defence space itself. We all know the kind of potential it has, the opportunity size etc but do you really think a) it will materialise and b) is it not priced in already? I think the opportunity is good.

«The market has been looking at this kind of unravelling of the different companies through IPOs or strategic stake sales going forward. And this has been the catalyst.

Harley-Davidson, which last week began its second innings in India by launching its most affordable bike to date in partnership with Hero MotoCorp, might use the facilities here to sell in other global markets, its CEO Jochen Zeitz told ET. Zeitz, on his first visit to India after taking over as Harley-Davidson CEO, said the company's immediate priority, however, is to strengthen local sales with the HD X440, the bike Harley co-created with Hero. «We were manufacturing our 750cc also for the international market (here), so I am not ruling that out,» Zeitz said, referring to India's export potential for the company.

Hero MotoCorp Ltd in partnership with Harley Davidson has launched the Harley-Davidson X440, and Bajaj Auto Ltd in collaboration with Triumph Motorcycles launched Speed 400. Both these motorbikes are in the above-250 cc segment and have been priced competitively, opening the doors for better customer acceptance. “We think this will lead to faster premiumization of the two-wheeler industry," said Kumar Rakesh, an analyst at BNP Paribas Securities India, in a report on 6 July.