The entire nation was glued to their TVs to catch the budget session unfold with anticipation and anxiety. If you are one of those bikers who have planned to get a big bike this year, then the union budget 2013 has some bad news for you. The import duty for bikes with engines displacing more then 800cc is increased from 60% to 75%. The increase in the duty would significantly bump up the price tags of the imported bikes. For example if you have just managed to save enough to afford a Ducati Monster, the bike is further distanced from you. Except Harley Davidson, none of the world class big bike makers have a local assembly plant in India which means their prospects in the prospering Indian bike market could take a severe hit owing to the increase in the import duty. The Ducati Monster is being imported to India from Thailand and Kawasaki uses the same route for its Ninja 650. Triumph Motorcycles too is reportedly planning on importing their bikes from Thailand until its proposed local assemblyplant near Bengaluru becomes a reality. While the numbers for bike makers like Ducati, BMW, etc,. doesn’t justify local production, the hiked import duty is sure to impact the sales of the superbikes. Popular superbikes like the Yamaha R1, Honda CBR1000R and BMW S1000RR are set be become a lot more expensive since the import duty for super bikes has been increased from 75% to a whopping 100%.
[via Indian Motos Blog]
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