[1] Victory has been drawn towards India following the vibrant success of its competitor, Harley Davidson, which has sold an average of more than two units from its line-up of 12 models every three days this calendar year.

Market sources said Victory is close to completing its market analysis in India and will introduce models that would best suit the country. The company is keen to participate in next year’s biennial Auto Expo held in New Delhi to showcase its products.

A formal launch by the company will be announced by the second half of next year. To test market response, the company will start importing the bikes initially before setting up an assembly plant to cut costs.

Harley Davidson has managed to bring down its entry point price to Rs 5.5 lakh from more than Rs 7.5 lakh after it built an assembly plant in Bawal, Haryana — the third plant in the world after the US and Brazil. It has also started accepting bookings for the SuperLow and Iron 883, produced from the plant in Haryana.

To discourage imports and encourage local manufacturing activity, the Indian government has kept the import duties high, which effectively doubles the price of a model when it lands in showrooms.

A local assembly operation will bring down costs by a minimum of 30 per cent and can go up on the basis of the level of localisation or components which are sourced locally. A completely knocked down operation means parts will be brought to India and assembled here.