As you might already be aware, if we're talking about countries where the most new motorcycles are sold each year, then India frequently tops the charts. How many bikes are we talking about? In FY 2024, motorcycle buyers in India snapped up 18 million units (that's 'million' with an 'm').
Up until a few years ago, China occasionally topped the annual sales charts, and has long been India's only real competitor in terms of sheer annual motorcycle sales volume. However, in the 2020s, a range of factors including total bans on motorcycles in some congested city centers in China has led to a sales decrease that doesn't look to be reaching those lofty heights any time soon.
Why am I telling you all this? Because I want to better set the scene for news that Bloomberg just reported, which is that sources close to Indian prime minister Narendra Modi say that his government is considering a move to eliminate tariffs on motorcycles with displacements over 750cc.
