Harley-Davidson, ICICI Bank tie up

Owning a Harley-Davidson might not be that hard now. At the Auto Expo on Thursday, Harley-Davidson India and ICICI Bank inked an MoU for a broad spectrum of banking services. Motorcycle enthusiasts will be able to avail themselves of ICICI Bank's financing options to buy Harley-Davidson products.

“The financing options will be for up to 85 per cent of the product value for five years at an interest rate of 11 per cent,” the Harley-Davidson India Managing Director, Mr Anoop Prakash, said.

“These options are comparable to those of premier car manufacturers,” he added. The 2010 XL883 Low Sportster model will be available at a starting EMI of Rs 12,845. Mr Prakash added, “We have also established a dealer financing relationship to ensure dealers can provide the full Harley-Davidson selection, experience and support to customers.”

Speaking while signing the MoU, Senior General Manager ICICI Bank, Mr Vijay Chandok, said, “We are committed to playing a catalysing role in the growth of the automobile sector in India and this partnership with Harley-Davidson is another step in this direction.”

Earlier this week at the Auto Expo, Harley-Davidson had announced the launch of 12 models for India. — Our Bureau