A Harley Davidson X440 bike is displayed in this handout image obtained by Reuters on July 18, 2023. Hero MotorCorp/Handout via REUTERS/File Photo
BENGALURU, Aug 8 (Reuters) – Indian bike maker Hero MotoCorp (HROM.NS) on Tuesday said it received over 25,000 bookings for the world’s cheapest Harley Davidson motorcycle, sending shares up over 3%.
The company said 65% of the bookings for the X440 were for the motorcycle’s top-end variant, priced at 269,000 rupees.
Hero, the world’s largest motorcycle maker by sales, said in a statement it will begin production of the X440 in September and begin deliveries from October.
Earlier this month, Hero raised prices of the bike by 10,500 rupees ($126.8) across models, days after Harley Davidson’s CEO said pre-orders of the new model exceeded the company’s expectations.
Harley partnered with Hero to develop and sell a range of its own branded bikes in India, starting with the X440, after exiting the country and shuttering most of its local dealer network in 2020.
($1 = 82.8050 Indian rupees)
Reporting by Kashish Tandon in Bengaluru; Editing by Varun H K
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