Hero MotoCorp and Harley-Davidson Inc are on course to expand their collaboration to introduce more models of the iconic US motorcycle brand to the Indian market. This decision follows the tremendous success of the X-440, sources familiar with the discussions told the Economic Times.
The two companies are nearing the finalisation of an agreement that will extend their current partnership, which now covers only the X-440 model. The expanded pact may also include the manufacturing of Harley-Davidson models in India for export to other markets. An official announcement is expected within the next few weeks, according to sources cited by ET.
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With the premium motorcycle market on the rise, Harley-Davidson executives have expressed satisfaction with their joint venture with Hero MotoCorp, the report added citing sources noted.
Hero MotoCorp and Harley-Davidson did not respond to ET requests for comment by press time on Sunday. Moneycontrol was also unable to independently verify the report.
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Hero MotoCorp currently produces the X-440 range at its Neemrana facility in Rajasthan.
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