Harley Davidson Tariff India
The ruling is not due to come into effect until June and Harley is rightly stating it will appeal the law.
Harley davidson tariff india. India-built Harley-Davidson motorcycles are also exported to Europe and Asia. Trump Premium US President Donald Trump. Too much for Trump.
Currently Harley sells 17 models in India with prices ranging from Rs 533 lakh to Rs 503 lakh. While the effort is commendable Harley-Davidson established a factory in India and doesnt actually have a tariff to pay on locally-sold units so is this all in vain. Harley Davidson has to pay tremendous tariffs in India.
Indias import tariffs were slashed by 50 but the brand has still struggled in the competitive market. Harleys statement referred to a 100 tariff in both India and Indonesia but according to the World Trade Organization Indonesia has a 40 tax. India has also decided to slap retaliatory tariffs against 30 US products which will come into effect on August 4.
From the European Association of Motorcycle Manufacturers ACEM rushing to. Harley-Davidsons European trade woes have been front-page news since April 2021. Harley motorcycles made and assembled in the US cost more to import into India than motorcycles which are assembled in India with US made parts.
Harley-Davidson is pulling out of India the worlds biggest motorcycle market. Harley-Davidson bike prices in India start at 533L 7356 for Harley Davidson Street 750 which is the cheapest model. We have if you are Harley Davidson you have 50 to 75 per cent tax tariff to get your motorcycle your product in.
With the new proposal India will create a new category of 1600cc and above and will only lower tariffs for that class of bikes. But the announcement did not mention large motorcycles such as Harley-Davidson bikes unlike a letter India sent to the World Trade Organization last week outlining planned tariffs worth 241. India did lower duties on the Milwaukee Wisconsin-based motorcycle maker to 50 per cent in 2018 from around 100 per cent earlier but the US President found the new tariff rate still unacceptable.