India is looking to remove import duties on motorcycles with 750cc and above engines, including Harley-Davidson (HOG), as it tries to strike a better trade deal with President Donald Trump, Bloomberg reported Wednesday, citing people close to the matter.
The current import duty for motorcycles up to 1600cc is around 40%, according to the report. Considering low demand for high-end motorbikes in the country, the local industry would be able to absorb the effects of the proposed concession, Bloomberg said.
India is also mulling a zero-for-zero tariff policy with the US for auto parts industry, according to the people.
Trump had announced 26% reciprocal tariffs on India on April 2, which were later paused for 90 days.
India's Ministry of Commerce and Industry didn't immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 23.21, Change: +0.48, Percent Change: +2.11
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。