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CHICAGO (Reuters) – Harley-Davidson Inc’s shares plunged more than 20% on Tuesday after the motorcycle maker unexpectedly swung to a quarterly loss, overshadowing a new turnaround plan that targets low double-digit earnings growth through 2025.
Since the middle of last year, the Milwaukee, Wisconsin-based company has shifted focus back to big bikes, traditional markets like the United States and Europe, and older and wealthier customers.
Harley has
At 9,16,365 units and a year-on-year growth of 5 percent, the motorcycle segment was one of the better-performing ones in the Indian automobile market in the first month of 2021. Some brands and products remain popular buys for their specific attributes and it’s no surprise that commuter motorcycles rule the roost here.
These 10 best selling motorcycles cumulatively (7,62,145) account for 83 percent of total motorcycles in January 2021. And in the first 10 months of FY2021, which saw total industry sales of 81,15,517, these best sellers maintained the same ratio of 83 percent, at 67,56,308 units. Here’s looking at
