Harley Davidson Tariff India
Indias import tariffs were slashed by 50 but the brand has still struggled in the competitive market.
Harley davidson tariff india. For the most part there are absolutely no tariffs. The 56 tariff is the second hammer blow to the Milwaukee firm in just three years after in 2018 the EU placed a 25 incremental tariff 31 total on any motorcycles. These 13 are relatively cheaper models and account for most of Harley Davidsons sales in India.
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. India-built Harley-Davidson motorcycles are also exported to Europe and Asia. 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.
Currently Harley sells 17 models in India with prices ranging from Rs 533 lakh to Rs 503 lakh. 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. For the most part there are absolutely no tariffs.
In retaliation the EU increased the tariffs on motorcycles from 6 to 31 on June 22 which added 2200 to the average cost of a Harley-Davidson and a few days later Harley-Davidson. 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. From the European Association of Motorcycle Manufacturers ACEM rushing to.
When India sends its motorcycles to the US there are absolutely no tariffs. 50 import tariff on Harley Davidson unacceptable India should remove it. Such an elevated entry price significantly narrows the Total Addressable Market TAM in a fairly price-sensitive market like India.
In a move that will benefit Harley-Davidson India has proposed a new tariff classification for motorcycles with cylinder capacity exceeding 1600 cc imports of which will be taxed in single digits. We have if you are Harley Davidson you have 50 to 75 per cent tax tariff to get your motorcycle your product in. The most expensive Harley Davidson bike CVO Limited is priced at 5053L 69745.