March 12, 2018 / 5:09 AM / 5 months ago

India's Eicher Motors shuts JV with U.S. partner Polaris

March 12 (Reuters) - India’s Eicher Motors Ltd said on Monday it is shutting down its joint venture with U.S.’s Polaris Industries Inc effective immediately, after it failed to sustain its initial success.

"The initial interest could not be sustained and subsequent sales performance was significantly slower than the company's expectations," Eicher Motors, maker of the Royal Enfield motorcycles, said in a statement. bit.ly/2Ijc2zZ (Reporting by Vishal Sridhar in Bengaluru; Editing by Subhranshu Sahu)

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