New Delhi:
Finance Minister Nirmala Sitharaman has announced to reduce the custom duty on foreign motorcycles in 2025 presented on Saturday. Under this, the import duty on the unit of motorcycles with 1600 cc engine capacity has been reduced from 50% to 40%. The new rate of import duty will be applicable to all high capiciti bikes coming from abroad. With this, other foreign bikes including Harley Davidson will be cheaper in India. The move is being seen as a sign of the Modi government as a sign of business cooperation with the Trump administration in America. Let me tell you, US President Donald Trump had demanded to reduce custom duty on these bikes.
According to Budget 2025-26, the import duty on the semi-ranked down (SKD) kit has been reduced from 25% to 20%. Completely knocked down (CKD) units will levy 10% tax. This was 15% earlier. After the demand of US President Donald Trump, India is planning to cut custom duty on around 7-8 high-end products. It includes special steel, high-end motorcycles and electronic items.
Which bike can be cheap?
-Harley Davidson
-Kawasaki Ninja 650
-Honda CBR650R
-Cawasaki Ninja 1000SX
-Aprilia Rs660
-Afrika Twin
-Gold Wing
-Yamha YZF R1
-Amaha MT 09
Understand the meaning of ckd and skd
CKD means Completely knocked down unit. This means a product that is imported in different parts. Then it is assembled in India. The CKD unit is made abroad, but it provides employment to the local. On the other hand, SKD means semi -knocked down means a product in which the final assembly of the partially assembled product is done in the country to import.