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.
Foreign Investment Drops in Indian Real Estate; Experts Cite Global Capital Rebalancing
New Delhi: Given the decline of Indian currency globally, foreign investor participation in Indian real estate has dipped sharply over the past year. According to industry executives and consultants, this is a...
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