Harley-Davidson exits India in blow to Modi’s foreign investment plans | Malay Mail

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NEW DELHI, Sept 24 — US motorcycle manufacturer Harley-Davidson said today it will exit its India operations, the latest foreign automaker to pull out of the South Asian nation. Wisconsin-based Harley-Davidson will shut down its manufacturing plant in the northern Indian state of Haryana and...

Thursday, 24 Sep 2020 11:52 PM MYT

Wisconsin-based Harley-Davidson will shut down its manufacturing plant in the northern Indian state of Haryana and significantly reduce its sales office, the company said in a statement. India, Asia’s third-largest economy, had also been experiencing slower consumer demand even before the crushing economic impact of the coronavirus pandemic.

The withdrawal from India is a blow to Indian Prime Minister Narendra Modi’s “Make in India” strategy, where he has urged foreign businesses to manufacture goods locally.

 

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