New Delhi, Jan 7 :Harley-Davidson India and ICICI Bank on Thursday signed a Memorandum of Understanding (MOU) for a broad spectrum of banking services required by the bike manufacturer for the launch and operations of its business in India.

The memorandum was inked by Anoop Prakash, managing director, Harley-Davidson India and Vijay Chandok, senior general manager, ICICI bank at the 10th auto expo in New Delhi.

ICICI will offer finance options for Harley-Davidson customers starting at 11 percent rate of interest for a period up to five years, with a starting EMI of rupees 12, 845 (280.919 USD) per month only for a 2010 XL883 Low Sportster.

"We have been working very hard to make that we offer the best opportunity for every rider to get on a Harley-Davidson bike of their dreams. Today we are very proud to announce the 11 percent rate of interest and rupees 12,845 (280.919 USD) starting EMI which we think is the best in the industry when you think of the heavy weight motorcycles,” Prakash said.

We look forward to see all our enthusiasts hopefully surprised and delighted by the announcement," he added.

Harley-Davidson Motor Company is the US based global leader in cruising and touring motorcycles and ranks as one of the strongest brands in the world, with complete line of motorcycles, accessories and general merchandise in more than 70 countries. (ANI)