Mr. Pankaj Dubey, MD & Country Head, Polaris India Pvt. Ltd.quoted on deduction of import duties.
“We had been advocating the reduction of import duties for quite some now and we are glad that the Government has paid heed to our demands and rationalized the import duty structure to 50% across the range for imported bikes. This will enable more Indian customers to enjoy the quality and refinement provided by these high-end bikes. We are confident that this will lead to not only growth in sales of luxury bikes in the country but also indirectly lead to retail space off take and jobs creation at expanding dealerships. I see this opening up Auto component industry for global sourcing thus facilitating a boost to Make in India campaign of the Government.”