Indian bike maker Hero MotoCorp on Tuesday mentioned it acquired over 25,000 bookings for the world’s most cost-effective Harley Davidson motorbike, sending shares up over 3%.
The corporate mentioned 65% of the bookings for the X440 had been for the motorbike’s top-end variant, priced at 269,000 rupees.
Hero, the world’s largest motorbike maker by gross sales, mentioned in a press release it can start manufacturing of the X440 in September and start deliveries from October.
Earlier this month, Hero raised costs of the bike by 10,500 rupees throughout fashions, days after Harley Davidson’s CEO mentioned pre-orders of the brand new mannequin exceeded the corporate’s expectations.
Harley partnered with Hero to develop and promote a spread of its personal branded bikes in India, beginning with the X440, after exiting the nation and shuttering most of its native seller community in 2020.
(Apart from the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)
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