Iconic US cult bike maker Harley-Davidson on Tuesday said it has tied up with private lender ICICI Bank for providing finance facilities to its prospective customers.

The bike maker, which has opened outlets at Hyderabad and Chandigarh and in the process of opening three more this fiscal, also said that it is keen to roll out its new outlets at four more places, including Chennai and Kolkata, next year.

"We have made an arrangement with ICICI Bank for making available finance to buyers for our bikes," Harley-Davidson MD Anoop Prakash told reporters here today on the sidelines of opening its outlet in Chandigarh.

Harley-Davidson has launched 12 models in the country priced between Rs 6.90 lakh and Rs 35 lakh per bike.

On expanding its network in the country, he said the company would look at opening its outlets in Chennai, Kolkata, Gujarat and Kerala next year. At present, company has opened outlets in Hyderabad and Chandigarh. "Three more outlets will be opened in Delhi, Mumbai and Bangalore in this fiscal."

The company has still not firmed up its target about how many bikes it would sell in the country. "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.

On being asked about size of the market for these high-powered bikes, he said last year, the total market size was 700 units and it was growing in double digits.


Source: Harley Davidson ties up ICICI bank for vehicle-finance - NDTV Profit