Business Daily from THE HINDU group of publications
Wednesday, May 09, 2007
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Business Daily from THE HINDU group of publications Wednesday, May 09, 2007 ePaper |
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Outlook Harley Davidson eyeing Indian market Our Bureau
New Delhi May 8 The US based motorcycle manufacturer Harley Davidson Inc on Tuesday expressed its interest to enter the Indian market. However, considering the duty structure on importing its bikes, the company is yet to decide on a definitive time frame to enter the Indian market.
Emission Standards
"We have been very keen to enter the Indian market and we have not scrapped our plans. But we don't know by when. At present, the import duty on our bikes is at 60 per cent and 30 per cent local taxes raise the cost of our bikes to almost double," said Mr Timothy Hoelter, Vice-President, Government Affaires, Harley Davidson Inc, on the sidelines of the International Motorcycle Manufacturers' Association's two days meet here.
`No talks for now'
He does not intend to pursue talks with any Government official during his current visit. However, he said that he would continue to meet Government officials in future. He also welcomed the Government's decision to harmonise its emission standards for high-powered bikes in line with global norms.
Import Duty
In is his third visit to India, Mr Hoelter said, " My son-in law is an Indian and I want to see Harley Davidson's bikes on the roads of Delhi." Harley Davidson had expressed its intention to enter the Indian market in 2005. However, due to the differences it had with the Government on import duty of its bikes, it had put its plans on hold.
More Stories on : Outlook | Two/Three Wheelers
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