New Delhi: Harley-Davidson’s India exit has left a number of people in the dark. Its dealers are heavily hit.
FADA said that Harley dealers were not informed about the exit earlier and they received only a ‘very minor compensation’ from the American company.
The company is reportedly paying a compensation package of ₹1,500 per sqft with a 10 per cent annual value-depreciated rate and a 6-month reimbursement of the margins of sale.
Hero Motocorp will be taking over Harley’s Indian operations but the process will take at least 6 months.
The number of dealerships has reduced to 13-14 from 33.