India Cuts Import Duty on US Bikes, Cars Amid Tariff Threats
02 Feb 2025
New Delhi: India has significantly reduced import duties on high-end motorcycles, luxury cars, and smartphone components in its Union Budget 2025-26. The move benefits major American brands like Harley-Davidson, Tesla, and Apple, aligning with India’s goal of strengthening its economy and manufacturing sector. However, Finance Minister Nirmala Sitharaman clarified that...
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