HARLEY-DAVIDSON TO QUIT THE WORLD'S LARGEST BIKE MARKET | AUTO INDUSTRY NEWS | AUTO REPORTER
The US motorcycle brand is closing production and massively scaling back it's sale process.
Harley's conclusion comes weeks after Toyota said, "it wouldn't expand further in India due to the country's high tax regime."
The exit is a blow for Indian Prime Minister Narendra Modi's efforts to lure or hold foreign manufacturers.
Harley's departure with $75 million in restructuring prices, with 70 redundancy as it closes its northern BAWAL plant in India.
The plant was started in 2011, but Harley-Davidson has the struggle to compete with local brand Hero as well as Japan's Honda and more other companies.
Approximately 17 million bikes and scooters are sold each year.
While it costs lower than many other production economies,
India has proven a tough market to crack for foreign automakers.
GM pulled out from the country in 2017 when Ford agreed to their joint venture with Indian vehicle giant Mahindra & Mahindra.
US President Donald Trump has previously complained about Indian High import tariffs tax, specifically for Harley Davidson Bikes.
The brand had still struggled in a competitive market when it slashed 50% by India's import charges.
Harley has also suffered its problems and noted that the loss is more between April and June this year than a decade.
It has been cutting hundreds of jobs under its new chief executive Jochen Zeitz and focusing on core markets and models.