<ul><li>The Indian government has proposed a cut in import tariffs on luxury vehicles and motorcycles in the Union Budget 2025 to strengthen the automotive industry and attract international investment.</li><li>The import duty on motorcycles with an engine capacity of up to 1,600 cc has been reduced from 50% to 40% to make high-capacity motorcycles more affordable and encourage sales in the premium two-wheeler market.</li><li>The import taxes on luxury cars have also been lowered, with the customs duty on cars over $40,000 reduced from 125% to 70%.</li><li>The reduction in import duties is expected to benefit companies like Harley-Davidson and Tesla, facilitating better pricing and market penetration in India.</li></ul>

Budget 2025: India Cuts Import Duty on High-End Cars and Motorcycles to Boost Harley-Davidson and Tesla

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