24-09-2020 15:31 via uk.finance.yahoo.com

Harley deepens restructuring with India exit

Harley had spent recent months moving dealerships in the country to cheaper locations, and the announcement followed speculation in Indian media a month ago that executives had played down.The move involves $75 million in restructuring costs, some 70 redundancies and the closure of its Bawal plant, walking away from a market worth about 17 million bike and scooter sales a year.The departure is also the latest setback for Prime Minister Narendra Modi's strategy to encourage domestic manufacturing
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