India-US trade deal: Harley, Tesla to benefit, but no risk to desi firms

US auto giants Harley Davidson, Jeep, and Tesla are poised to benefit from a new trade deal with India. The agreement offers reduced import duties on specific high-engine capacity motorcycles and cars, with concessions for Harley Davidson’s 800-1,600cc bikes and a phased duty reduction for vehicles over 3,000cc, potentially boosting Tesla and Jeep’s market presence without impacting domestic manufacturers.