| Known American bike manufacturer Harley-Davidson besides launching their international line-up at the Auto Expo also announced the signing of a MOU with ICICI Bank in India. The association of the bank with HD ensures finance in case you wish to purchase a Harley or set-up a Harley showroom in India. ICICI will offer loans for upto five years at an interest rate of 11 per cent for buying the bikes. The lowest calculated EMI for a Harley is Rs 12845 for the 2010 HD XL883 Low Sportster, and goes up for other models. Here is the original press release: "NEW DELHI (January 7, 2010) – Harley-Davidson India and ICICI Bank have signed a Memorandum of Understanding (MOU) for a broad spectrum of banking services required by Harley-Davidson India for the launch and operations of its business in India. This memorandum was inked by Anoop Prakash, Managing Director, Harley-Davidson India and Vijay Chandok, Senior General Manager, ICICI Bank at the 10th Auto Expo in New Delhi. This alliance establishes a preferred relationship between ICICI Bank and Harley-Davidson India in the areas of consumer financing, dealer financing and banking services to Harley-Davidson India. ICICI will offer finance options for Harley-Davidson customers starting at 11% r.o.i. for a period of up to five years, with a starting EMI of Rs. 12,845/- per month only for a 2010 XL883 Low Sportster. Customers can also calculate EMIs for other models via an EMI calculator at the Harley-Davidson India website: www.harley-davidson.in “We are delighted to partner with ICICI and are confident that our customers will be well-served by their pan-India network. These financing options are comparable to those of premier car manufacturers, for enthusiasts seeking to realize their desire to join the global Harley-Davidson riding community.” said Anoop Prakash, MD, Harley-Davidson India. ”We have also established a dealer financing relationship to ensure dealers can provide the full Harley-Davidson selection, experience and support to our customers.” On this occasion, Vijay Chandok, Senior General Manager, ICICI Bank said, “ICICI Bank has played a large role in the growth of Automobile sector in the country. We are committed to play a catalyzing role in the growth of the automobile sector in India and this partnership with an iconic brand like Harley-Davidson is yet another step in this direction. ICICI bank under this arrangement aims to provide quality products and services to Harley-Davidson and their customers.” Harley-Davidson Motor Company is the US based global leader in cruising and touring motorcycles and ranks as one of the strongest brands in the world, with complete line of motorcycles, accessories and general merchandise in more than 70 countries. For more information, visit Harley-Davidson India's web site at www.harley-davidson.in." |
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| Harley Davidson India Finance Banking ICICI Retail Customer |
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