Donald Trump's reciprocal tax may not hit India's bikes, steel industry

India exported more than two million two-wheelers, which were worth $1.6 billion, in 2016-17

India’s motorcycle manufacturers would not take a major hit on account of US President Donald Trump’s call on a “reciprocal tax” for “thousands and thousands” of motorcycles exported from India to the US, the domestic data shows. 

In 2016-17, India exported 2,440 motorcycles, worth $6 million, to the US. And till the April-November period in 2017-18, it was at 4,480, worth $11.5 million. This is just 0.4 per cent of domestic motorcycle exports. Every year, India exports more than two million motorcycles. In the initial months of 2017-18, India exported motorcycles worth $1.3 billion.

Trump’s threat came a month after