Hope this wil give us what we indian bikers have been deprived of all this years

You got some valid points there, but I dont know about the other industries as I dont keep track of them, auto industry is the only one, which I know, hence my comments .....

@Rags - Its not that TATA & Mahindra has to keep quiet. They will get into competition too. Lifestyle motorcycle's are yet to catch up in India but have caught up with cars very much & Tata has already ventured into it. The recent Tata Aria is a classic example that brings luxury & VFM to it.

Sometime ago, I remember the ministry warning to Indian automobile industry that the Govt cannot keep levying 110% tax on all the CBU's to shield the local manufacturer for long time.

Edit - Gotcha!!! here's the link on the old news - Auto cos may soon lose import tariff protection

I hope my MV Agusta comes down from the poster to my garage.

But seriously, how long do we have to bear low power products from Indian companies?

Couldn't help Lol

But, haven't you noticed the gap is closing fast & a new segment being born altogether? I know you're talking about anything between quarter+ CC to half litre & 3/4th. But it will take a little more time for us to be there. Think about one generation before us, they didn't even have the luxury of seeing these, atleast we get to see & sometimes touch them. The next generation should be able to afford for sure

True it works both ways... Unless we give something we cannot get something...

lol its Excise bro not excercise... he he... Also here its not about excise but customs duty and counter veiling duty...

I am not saying you should know in detail about other industries, but atleast you know they exist and do business as well :P :P

people here know me for my typos. u will get use to it as well

sorry just kidding dude... he he... I am a typo hunting monster ... Its my sickness actually... I can't stop pointing out grammar and typos :P :P

It was in the Hindustan Times recently that EU have set a 31st Dec deadline to either sign the pact, or to forget about it.

Now lets see what our lazy government does.

Update

Update - News just in 2 days ago:

Source: Business Line : Industry & Economy News : India-EU free trade talks may conclude by Oct, signed by Nov

India-EU free trade talks may conclude by Oct, signed by Nov


EU raises doubts on India's ‘data secure’ status in services talks

Brussels, June 26: India and the European Union on Tuesday decided to chalk out a roadmap to complete their Free Trade Agreement (FTA) negotiations by October-November this year.

The FTA – officially known as Broad-based Trade and Investment Agreement (BTIA) – is likely to be signed during the next India-EU Summit, expected to be held in November.

The Commerce, Industry and Textiles Minister, Mr Anand Sharma, said, “After a number of rounds of negotiations, issues of concern to both sides have been identified. We must devote our energies to addressing these issues as expeditiously as possible.”

“India is keen on a successful and balanced outcome of the negotiations at an early date,” he added.

He stated this after meeting the EU Trade Commissioner, Mr Karel De Gucht, here and taking stock of the progress of the negotiations. The ministerial-level meeting followed the talks between the Commerce Secretary, Mr S.R. Rao, and his counterpart as well as between the Chief Negotiators from both sides on Monday. This was the 15th round of FTA negotiations.

MUTUAL CONCERNS

According to official sources, talks on the services sector dominated this round. On cross-border supply of services (outsourcing), the EU raised doubts on whether India is data-secure.

Pointing to the presence of several Fortune 500 companies in India, including their research and development centres, Mr Sharma insisted that India is data secure and sought greater market access for Indian companies providing cross-border supply of services to the EU.

India also demanded that EU ensure freer movement of Indian service professionals, including from the IT sector, through the FTA.

New Delhi also asked the EU to do away with certain “restrictive” safeguard clauses, saying they may come in the way of India availing itself of the concessions offered by the EU in the FTA.

Besides, India has sought more market access in agricultural products.
Meanwhile, the EU has sought clarity on greater market access in wines and spirits and the automobile sectors. The EU also raised protection of Intellectual Property Rights, including Geographical Indications and patents.

Despite the Euro Zone crisis and the slowdown in the Indian economy, trade between India and EU in 2011 increased to $108.8 billion from $83.46 billion in 2010.

Also an interseting read is: SIAM opposes India-EU FTA; says it can kill auto mfg sector - CNBC-TV18 -

Notes from Mercedes: http://zeenews.india.com/business/ne...dia_47645.html

The move may have some ill effects as well......the companies that might have been looking forward to work on the lines of kawasaki, may now want to avoid the CKD route. This means the prices may not go down as much as they could have through CKD.