NEWS & ADVICE : CAR LOANS
ICICI Bank and Harley Davidson tie vehicle finance deal
By Vaibhav Aggarwal
Jul 14, 2010
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Top US bike brand Harley Davisdon has joined hands with ICICI Bank for providing finance to customers buying Harley Davidson bikes.

The company has started outlets in Hyderabad and Chandigarh. It has plans to come up with three more outlets in the country this year. The company said it wanted to open the new outlets in places like Chennai, Kolkata etc.

"We have made an arrangement with ICICI Bank for making available finance to buyers for our bikes," Harley-Davidson MD Anoop Prakash said.

The bike maker has launched 12 models in India. The bikes are priced between Rs 6.90 lakh and Rs 35 lakh per bike.

Speaking about expansion plans, Prakash said that the company plans to open oulets in Chennai, Kolkata, Gujarat and Kerala next year. "Three more outlets will be opened in Delhi, Mumbai and Bangalore in this fiscal."

"We have not set any target in terms of sales in the country because this segment exceeding 800 CC and above is very new to the country and we will have to see how the volumes grow," he said.


 


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