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Hero MotoCorp to develop, sell Harley-Davidson bikes for India market

from https://www.rushlane.com from https://motorcycles.einnews.com from https://www.business-standard.com from https://www.thehindu.com DELHI, India, Oct. 27, 2020 (GLOBE NEWSWIRE) — Embarking on a new journey together, Harley-Davidson, Inc. (“Harley-Davidson”), 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.

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Harley in talks with Hero for distribution deal after exiting India

by Aditya Kalra & Aditi Shah from Reuters and https://www.business-standard.com Harley, known for its heavy touring motorcycles, struggled in India mainly because of high import duties. Harley’s 33 dealerships will likely come under Hero’s management under the new arrangement, said one of the sources. Harley-Davidson Inc is in advanced talks with India’s Hero MotoCorp for

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Harley plans to hitch a ride with two-wheeler makers

from Lijee Philip from https://economictimes.indiatimes.com Harley plans to hitch a ride with two-wheeler makers, Classic Legends, Hero Motocorp frontrunners Mahindra’s Classic Legends could be the obvious choice for the iconic leisure bike making company as it aligns very well with M&M’s approach of catering to the premium end of the market with marquee brands ,

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Harley’s activist investor backs business reboot strategy

by Rajesh Kumar Singh from https://www.reuters.com CHICAGO (Reuters) – An activist investor who shook up Harley-Davidson Inc (HOG.N) earlier this year said he is impressed with the changes initiated by new Chief Executive Jochen Zeitz to turn around the 117-year-old motorcycle company. Impala Asset Management, the $2.4 billion hedge fund, pushed for the ouster of

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Royal Enfield captures UK motorcycle market with Interceptor, Himalayan

from https://timesofindia.indiatimes.com LONDON: Royal Enfield has made deep inroads in the UK market two of its popular and purpose-built motorcycles – Interceptor 650 and Himalayan. The Royal Enfield Interceptor 650 is the best selling motorcycle in the UK for June 2020 (in the more than 125-cc category) while the Interceptor 650 is the highest selling

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Harley-Davidson Racks Up Buy Ratings on Bets New CEO Can Turn Things Around

by Christiana Sciaudone from https://www.investing.com/ Harley-Davidson (NYSE:HOG) has swayed yet another analyst that a turnaround will bear fruit. Shares are up 4.5% on Wednesday after UBS followed BMO Capital in upgrading the motorcycle maker. UBS bumped its rating to buy from neutral and gave Harley-Davidson a price target of $31, Seeking Alpha reported. The average

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Harley-Davidson Rallies on BMO Upgrade, Expected Turnaround

by Christiana Sciaudone from https://www.investing.com Harley-Davidson (NYSE:HOG) shares rose 5% after an upgrade by BMO Capital. HOG was raised to outperform from market perform by analyst Gerrick Johnson, who also boosted his price target to $33 from $23, MarketWatch reported. The average price target is $26.75, while the highest is $34, according to data compiled

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Harley-Davidson To Drop From S&P 500 As Coronavirus Batters Struggling Motorcycle Maker

by Bill Roberson from https://www.forbes.com/ Iconic American motorcycle maker Harley-Davidson [HOG] continues to struggle. The company will move off the S&P 500 in the next week and will land on Standard and Poor’s MidCap 400 list of stocks instead, according to the Milwaukee Journal Sentinel. Clothier Nordstrom Inc. and Alliance Data Systems Corp. will also

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NCOM Biker Newsbytes May 2020

All 50 states are now in various stages of reopening, and along with restrictions being lifted and the COVID-19 curve flattening, hopes for more normalcy are high; and none higher than amongst the motorcycling community. Most industries have been hit hard by the global pandemic, and motorcycle sales and production have been among the most

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Harley-Davidson Inc (HOG) SVP & CFO John A Olin Bought $256,770 of Shares

from https://www.gurufocus.com SVP & CFO of Harley-davidson Inc (30-Year Financial, Insider Trades) John A Olin (insider trades) bought 13,500 shares of HOG on 05/13/2020 at an average price of $19.02 a share. The total cost of this purchase was $256,770. Harley-Davidson Inc produces and sells heavyweight motorcycles, as well as offers motorcycle parts, accessories, and

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Harley-Davidson shifts strategy, to focus on core markets

from https://www.livemint.com The company’s shares climbed after the motorcycle maker’s new acting chief executive officer laid out plans to cut costs The stock had plunged 49% this year through Monday’s close Harley-Davidson Inc. shares climbed after the struggling motorcycle maker’s new acting chief executive officer laid out plans to cut costs and complexity and focus

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