Hero MotoCorp gains 4% on tie-up with US-based Harley Davidson

The company has entered into an agreement with US-based Harley Davidson for sale and service of the latter's premium motorcycles in India using the two companies' dealership networks in India

Shares of Hero MotoCorp surged 4 per cent to Rs 3,025 on the BSE in the early morning trade on Wednesday after the company entered into an agreement with US-based Harley Davidson for sale and service of the latter's premium motorcycles in India.

"As per the distribution agreement, Hero MotoCorp will sell and service Harley-Davidson motorcycles, and sell parts and accessories and general merchandise riding gear and apparel through a network of brand-exclusive Harley-Davidson dealers and Hero's existing dealership network in India," the companies said in a joint press release. READ HERE

As part of the agreement, Hero MotoCorp