High Performance Bikes to get Costlier

Posted in : News

(added few years ago!)

Govt. of India has slammed the import market of high-end bikes i.e bikes having engine capacity over 800cc by increasing import duty from 60 per cent to 75 per cent. The market of high-end performance bikes had started to gain momentum in past two years but this step might result in a slowdown in the segment. The government's intention behind the hike is to encourage local assembly of these motorcycles. Local assembly means establishment of factories, employment for a larger labour force and higher investment, so the decision might result in an initial slowdown but in the end it will be beneficial. In India, companies are only allowed to import bikes above 800cc and below this they have to assemble bikes locally.

Interestingly, one of the largest selling premium brand Harley Davidson has recently announced CKD assembly of its Softail range of cruisesr. Mr. Ashish Chordia, Chairman, Shreyans says, "The increase in import duties on CBU's and bikes over 800cc is indeed going to affect the growth of the automobile industry. A move which provided impetus to the industry, already under pressure, was needed. While aspirational products like Ferrari and Ducati may not have an immediate effect on demand, it may slow down the long range plan for India." Shreyans is the official and exclusive importer for Bombardier Recreational Products, Ducati, Ferrari and Maserati in India.

Tags : Harley Davidson, government, India, Ashish Chordia, 800cc, CBU, CKD, Ferrari, Ducati, Bombardier Recreational Products, Maserati

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(added few years ago!) / 1201 views
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