Norton Motorcycles is set to launch in India later this year, and the new FTA deal has touted the bike will be priced reasonably.
Norton Motorcycles, the iconic British brand owned by India’s TVS Motor Company, was showcased to Prime Minister Narendra Modi and his UK counterpart, Keir Starmer, during the formal signing of the India-UK Free Trade Agreement (FTA). The agreement is expected to significantly boost trade between the two nations and offer considerable benefits to the automotive sector, especially for premium imports like Norton.
As part of the FTA, India will now levy a reduced import duty of 10% on British cars and motorcycles, a sharp cut from the earlier rate of 110%. This development is poised to make several high-end vehicles from the UK, including Norton bikes, more competitively priced in the Indian market.
(Also Read: India-UK Free Trade Agreement Signed: Tariffs On Automobiles To Drop, $120 Billion Trade Target Set, More)