New Delhi: Iconic US motorcycle maker Harley -Davidson, which will launch 12 models in the Indian market from April, tied up with ICICI Bank for consumer financing of its products that are priced between Rs6.95 lakh and Rs34.95 lakh (ex-showroom New Delhi).
“The financing options will be for up to 85% of the loan value for five years and attract 11% rate of interest,” Harley-Davidson India MD Anoop Prakash said at the 10th Auto Expo being held here. “These options are comparable to those of premier car manufacturers ...,” he added.
Prakash said the company has also established a dealer financing relationship with the bank.
The bookings for motorcycles will open from April at dealerships that are to be announced in five cities — New Delhi, Mumbai, Bangalore, Hyderabad and Chandigarh. The deliveries will commence from June.
The maker of cruising and touring motorcycles sells products in over 70 countries and had announced plans for entering India last year. Earlier this week, at the Expo, it unveiled 12 models it plans to launch in the country.