American iconic bike maker Harley-Davidson on Saturday said it will roll out its financial services in India within next two months to offer easy loans to its customers. The company's wholly-owned Indian subsidiary is in final stages of negotiations with bankers to launch the services in coming days.
“By this calendar year, we will be launching our financial services. It will be known as Harley Davidson Financial Services,” Harley-Davidson India Managing Director Vikram Pawah told PTI. The company is working with its ‘business partners’ at the moment to offer the financial solutions in India, he added. “Of our total sales, 50-60 per cent of bikes go out through finances. So, it is a huge number. We want to offer customised loans to people so that they can buy our products at their convenience,” Pawah said. At present, Harley-Davidson customers can avail loans from different banks and the company has association with HDFC and Yes Bank.
Talking about sales, Pawah said: “The market was little slow in the last couple of months due to overall macroeconomic issues. However, after GST comes into effect, it will improve again. When asked about the company’s sales performance, he said Harley-Davidson is expecting a ‘positive year’ in 2016. “Although in the last few months, sales were marginally down, we will close the year on a positive note. We hope to achieve high single-digit growth in India,” he added.