Retail in Asia

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BMW awaits clarification on India’s CKD import duty hike

BMW is yet to decide its India strategy following the uncertainty caused by the announcement in the Union Budget about hiking import duties on completely knocked down units (CKDs).

According to the announcement, the government has decided to levy the same level of import duties on CKDs as that on completely built units; a move that would increase the duty burden on companies importing vehicles. Players like BMW, Mercedes and Audi that have presence in India and would be affected by this measure.