VMT 6.45% 16.5¢ vmoto limited

I can't find any links to bans. The proposed tariff should have...

  1. VYR
    4,432 Posts.
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    I can't find any links to bans. The proposed tariff should have negligible effect.

    N.B. the last sentence. If they are in the business of subsidies electric motor bikes might be at the top of the list of good causes.

    TRADE:

    February 11, 2021
    .......India recently hiked tariffs on about 30 products,..... in a move that seeks to rebalance trade with China and develop local industry......
    The affected products span the electronics, automotive, chemicals, leather and agricultural sectors....
    For automobiles, ignition and signaling equipment will have levies raised to 15% from between 7.5 and 10%.At the same time, India has lowered tariffs on raw material to lower costs for local manufacturers......Tariffs on components used in jet engines and similar machinery have been reduced to zero from 2.5%.The Indian government has indicated it will grant subsidies to companies that boost revenues and is targeting 13 industries, including telecommunications and automobiles.
 
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