The Centre should cut import duty on products which dont conflict with the already existing Indian manufacturers
There is no denying the fact that Indian two-wheeler industry, particularly the motorcycle segment, is the biggest in the world, in volume wise of course! Though the segment is largely dominated by pint-sized 100-150cc motorcycles but slowly and steadily higher (cubic) capacity luxury brands are also getting popular not only the metros but also in Tier-I and Tier-II cities. Moreover, as luxury motorcycle makers from around the world are also looking for markets beyond developed economies, where the growth has either slowed down or stagnant due to the economic conditions there. That’s the reason why India has seen a flood of various luxury motorcycle brands flowing into the country. The latest entrant in this segment is Triumph Motorcycles. Speaking exclusively ...
