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i/carsindia

all about Cars

  • moon

    •

    3 months

    People rejoicing possibility of lower Tarrifs are misinformed

    With Trump in power we may see reduction in tarrifs but that's not what we should aspire for. Reduced tarrifs makes importing cheaper and will be exploited against us. Same car assembled/made in India creates jobs, opportunities and businesses to indian citizens. A supply chain gets created and cities are made (Manesar, Chakan) What will be net advantage of making in Berlin and selling in India for India? Similarly these things can be exploited. A case in point our useless FTA with Thailand which ensures Bikes above 500cc can be imported at 15 percent from Thailand, this results in Kawasaki z900 coming directly from Thailand and Kawasaki/Honda/Ducati not expanding their big bike business in India What we should aim and ask for are lower taxes.. removal of CESS and incentives for makers to make in India 48 percent Cess + tax on most upend cars has been our biggest hurdle and ideally aim should be to get that to 35 percent or even lower over time
    3

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