Triumph Motorcycle might rethink India strategy after 15% customs duty hike

With 15% levy on locally assembled vehicles, it is cheaper to import from Thailand, says India MD

Triumph Motorcycle

The 5 percentage point duty hike on completely-knocked-down vehicles is a cause of worry for Triumph

Shally Seth Mohile Mumbai
Triumph Motorcycle might rethink its strategy of assembling two-wheelers in India and instead import fully built models from Thailand, because of a higher tax on completely knocked-down vehicles.

This was revealed by Vimal Sumbly, managing director, Triumph Motorcycle India, in an interaction with the media on Wednesday. He was referring to the 5 percentage point duty hike on completely knocked-down (CKD) automobiles introduced in the Budget.

In the Budget for 2018-19, Finance Minister Arun Jaitley increased the customs duty on imported CKD vehicles, cars, and motorcycles from 10 per cent to 15 per cent.

“If the government keeps penalising this

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First Published: Mar 22 2018 | 7:50 AM IST

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