The Indian government is contemplating a reduction in tariffs for Harley Davidson motorcycles, specifically for those exceeding 750cc. Here’s everything you should know.
The Indian government is aiming to eliminate tariffs on superbikes.
The Indian government is considering the removal of tariffs on Harley Davidson motorcycles within the Indian market, aiming for a zero tariff on bikes greater than 750cc, making them more affordable. Recent budget changes included a reduction in import duties for motorcycles over 1600cc from 50% to 30%.
Additionally, the Indian government is working towards negotiating a deal related to tariffs recently imposed by US President Donald Trump, who has placed reciprocal tariffs on all countries. Traditionally, India has maintained a protectionist stance due to its developing nation status. Some may speculate that this could impact local production, yet the market for premium motorcycles in India remains relatively small.
However, the situation may deter manufacturers from establishing operations in India. Ongoing tariff conflicts have generated tension and uncertainty in global markets, prompting several manufacturers to postpone product launches until tariffs are reconsidered and prices become more viable.
As negotiations progress, no conclusive decisions have been made yet. It is important to highlight that any tariff adjustments will be applicable across all superbike brands rather than targeting a single manufacturer to ensure a fair trade environment.
Tauseef Zia
Tauseef has deep knowledge in performance tuning and has been immersed in automotive culture since childhood. When not writing about vehicles, he can be found working on cars and bikes or capturing photos of his own car around the city.
The renowned motorcycle manufacturer Harley-Davidson is exploring the possibility of selling its financial services division, a move potentially valued at $1 billion, following the announcement of its CEO’s resignation.
Insiders, who requested anonymity, are gauging market interest in the sale of its Financial Services, which comprises regional banks, private equity firms, and private credit entities.
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The legendary American brand may be in financial straits
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The brand is loved around the world- it’s iconic logo seen in Bucharest
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CEO Jochen Zeitz announced he was stepping down this month after five years running the business
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CEO Jochen Zeitz’s resignation may be in response to the value of the company’s stock plummeting
Weak sales growth, declining stock prices, and fierce competition from brands like Honda and BMW have unsettled investors, as reported by Business Times.
While the choice to terminate its financial arm isn’t definitive, the company is actively exploring potential buyer interest.
This development follows the announcement of Harley-Davidson‘s CEO, Jochen Zeitz, planning to step down after a five-year tenure.
On April 10, Harley-Davidson stocks dropped 9.3%, closing at $21.49 in New York, resulting in a market valuation of $2.7 billion.
Last year, the share price nearly halved, plummeting by 48%, a decline likely worsened by Trump’s tariff policies.
Harley-Davidson Financial Services (HDFS) assists dealers in financing their inventory and aids consumers in purchasing motorcycles, including the LiveWire bikes.
This division also collaborates with third parties to offer motorcycle insurance, facilitating entry into the world of two wheels.
Representatives from the Milwaukee-based firm declined to comment on the matter.
In 2023, the boutique manufacturer produced only 1,600 units of their impressive machines, with merely 20 available in the UK.
Notable fan of the brand, Jason Momoa, has been seen riding his £28,000 electric Harley, complete with a machete holder.
Harley-Davidson’s CEO blasted by dealer for ‘constantly pushing’ as seller issues warning on brand’s ‘cultural changes’
Recent reports suggest that the escalating trade war and impending tariffs imposed by the European Union on American-made motorcycles, including Harley-Davidson, could compel the storied brand to move production.
A report from Biz Journals indicated that a senior Harley executive recently cautioned Congress about the possibility of a “devastating” 56% tariff on bikes manufactured in America and sold in Europe.
Consequently, they have urged Congress to advocate for equitable trade agreements with the European Union, Canada, and Asian nations.
The EU responded earlier this month, announcing that, in retaliation for the 25% tariffs imposed by President Donald Trump’s administration on steel and aluminum imports, they would increase tariffs on American-made products, including motorbikes, boats, and bourbon.
Jonathan Root, the company’s CFO and president of commercial, stated that tariffs could rise to a total of 56% on American-made Harleys sold in the EU.
Root told the subcommittee, “My request today is straightforward: fairness.”
“It’s evident that Harley-Davidson is facing discrimination and being targeted politically by the EU and Canada.”
He asserted that these tariffs are unjustified, discriminatory, and politically driven, noting that Harley-Davidson has already absorbed a significant cost from a 2018 tariff, amounting to about $166 million.
He emphasized that the company chose to absorb these costs rather than passing them on to consumers.
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Its logo is recognised around the world
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The financial division supports its traders and consumers and provides insurance
Harley-Davidson closures in 2024
There are over 650 Harley-Davidson dealerships across America.
However, multiple stores have closed for various reasons throughout 2024 – often without explanation.
Below is a list of some Harley-Davidson locations that have shuttered this year along with reasons for their closures:
Reiman’s Harley-Davidson dealership in Kewanee, Illinois, shut its doors in October 2024 after the owners sold the business to the Walter Brothers Harley Davidson dealership in Peoria, Illinois.
