Harley-Davidson former owner, and had been MV Agusta's chairman since Harley-Davidson bought it in 2008. As part of the deal, Harley-Davidson put $26M into MV Agusta's accounts, essentially giving Castiglioni $26M to take the brand. In August 2009, Harley-Davidson announced plans to enter the market in India, and started selling motorcycles there in 2010. The company established a subsidiary, Harley-Davidson India, in Gurgaon, near Delhi, in 2011, and created an Indian dealer network. According to Interbrand, the value of the Harley-Davidson brand fell by 43 percent to $4.34 billion in 2009. The fall in value is believed to be connected to
Harley-Davidson Evolution engine Harley-Davidson Evolution engine The Evolution engine (popularly known as Evo) is an air-cooled, 45-degree, V-twin engine manufactured from 1984 by Harley-Davidson for the company's motorcycles. It was made in the displacement for Harley-Davidson Big V-twins bikes, replacing the Shovelhead engine until 2000 when the last EVO was placed in a production factory custom FXR4 (FXR2 and FXR3 were the first CVOs). In 1999, it was replaced by the Harley-Davidson Twin Cam 88 in the Touring and Dyna model and in 2000 in the Softail models. Also available in the Sportster model beginning in 1986, it was made in the displacement