India’s recent Budget has introduced what many are dubbing “Harley diplomacy,” as it significantly lowers the cost of premium motorcycles by reducing import duties, according to a ToI report. Ahead of Prime Minister Narendra Modi’s upcoming visit to the U.S., the Union Budget proposes a substantial cut in customs duties on fully assembled motorcycles with engine capacities over 1,600cc—from 50% to 30%. This decision favors luxury brands such as Harley-Davidson, Ducati, Honda, and Suzuki, making these high-end bikes more affordable for Indian consumers.
Oil Prices Surge After Fresh U.S. Strikes on Iran Escalate Tensions
Global oil prices climbed sharply following renewed U.S. military strikes on Iranian targets, intensifying geopolitical tensions and raising fresh concerns over energy supply disruptions. According to multiple market reports, crude prices rose...
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