The 5 percentage point duty hike on completely-knocked-down vehicles is a cause of worry for Triumph
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
First Published: Mar 22 2018 | 7:50 AM IST