SIAM urges govt to increase import duties to 40% on commercial tractors and prime movers

The Society of Indian Automobile Manufacturers seeks higher import duties on tractors. They want a 40% duty to prevent dumping from China. Current low duties allow cheaper imports of completely built units. This poses a threat to domestic manufacturers' investments in new technologies. SIAM urges uniform duties to protect and encourage local production.

Raccontata daeconomictimes.indiatimes.com