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import duties for superbikes getting reduced?
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The secretary hinted that a time has come now for the Indian car makers to raise to the occasion. However, the government does not want to wash away the domestic auto industries under FTA. The next ten years, he added, will be a testing time for securing the good profit and the companies shall focus on it. The government, in the meantime, is fully aware and taking into consideration the rupee depreciation against the auto export sector, cost rise in steel and lack of fund for Technology Upgradation. According to a study revealed by Emst&Young, the export figure of Indian automotive needs to reach %35-42 billion in another six years."
source :
Indian Auto companies receive alarming indicator from the government | ******** | Indian Automobile Blog | Car Reviews | Bike Reviews | Test Drive Reports | Pictures | Videos
if import duties for cbu's are getting reduced or stripped off entirely(
hopefully!) are we about to see cheaper superbikes ?
ninja at 1.5 lac's sounds like a really sweet deal for a start !
what do you think ?
UPDATE 1:
"Auto cos may soon lose import tariff protection Our Bureau
New Delhi, April 28
The Commerce Secretary, Dr Rahul Khullar, has warned the automobile and auto ancillary industry in India that it cannot continue to hide behind high import tariffs for long. This suggests that the sector should get ready for lower import duties.
The total import duty on Completely Built Units is around 106 per cent, while that on Completely Knocked-Down Units is 60 per cent on an average. Import duty on auto components ranges from 7.5 to 10 per cent. A reduction in import duties would benefit Japanese and European Union auto-makers the most. India is currently negotiating Free Trade Agreements with Japan and the European Union.
Dr Khullar said the Government was considering the problems being faced by the auto export sector including the rupee appreciation, high steel prices and the need for a Technology Upgradation Fund. An Ernst & Young study said India's automotive exports should touch $35-42 billion by 2016. "
source The Hindu Business Line : Auto cos may soon lose import tariff protection
THANKS 'AARGEE' FOR THE ABOVE
The secretary hinted that a time has come now for the Indian car makers to raise to the occasion. However, the government does not want to wash away the domestic auto industries under FTA. The next ten years, he added, will be a testing time for securing the good profit and the companies shall focus on it. The government, in the meantime, is fully aware and taking into consideration the rupee depreciation against the auto export sector, cost rise in steel and lack of fund for Technology Upgradation. According to a study revealed by Emst&Young, the export figure of Indian automotive needs to reach %35-42 billion in another six years."
source :
Indian Auto companies receive alarming indicator from the government | ******** | Indian Automobile Blog | Car Reviews | Bike Reviews | Test Drive Reports | Pictures | Videos
if import duties for cbu's are getting reduced or stripped off entirely(
hopefully!) are we about to see cheaper superbikes ?ninja at 1.5 lac's sounds like a really sweet deal for a start !
what do you think ?
UPDATE 1:
"Auto cos may soon lose import tariff protection Our Bureau
New Delhi, April 28
The Commerce Secretary, Dr Rahul Khullar, has warned the automobile and auto ancillary industry in India that it cannot continue to hide behind high import tariffs for long. This suggests that the sector should get ready for lower import duties.
The total import duty on Completely Built Units is around 106 per cent, while that on Completely Knocked-Down Units is 60 per cent on an average. Import duty on auto components ranges from 7.5 to 10 per cent. A reduction in import duties would benefit Japanese and European Union auto-makers the most. India is currently negotiating Free Trade Agreements with Japan and the European Union.
Dr Khullar said the Government was considering the problems being faced by the auto export sector including the rupee appreciation, high steel prices and the need for a Technology Upgradation Fund. An Ernst & Young study said India's automotive exports should touch $35-42 billion by 2016. "
source The Hindu Business Line : Auto cos may soon lose import tariff protection
THANKS 'AARGEE' FOR THE ABOVE
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