HS Code:
The 'Exceeding 800 cc but not exceeding 970 cc' category typically pertains to internal combustion engines or motorcycles with engine capacities within this specific range, often classified under HS Code 8711 (motorcycles) or related codes. This category is significant in the global trade of two-wheeled vehicles, catering to mid-range performance and commuter segments. These products are widely used for personal transportation and recreational purposes, with demand driven by urbanization, fuel efficiency, and affordability in emerging markets.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
8.5%
Highest Rate
25% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand in emerging economies
Increased exports to Southeast Asia and Africa due to urbanization and growing middle-class populations seeking affordable transportation
2021-2022
Shift towards electric alternatives
Potential decline in demand for internal combustion engine motorcycles as governments push for greener transport solutions
2022-2023
Supply chain disruptions
Delays in production and export due to semiconductor shortages and geopolitical tensions
2021-2022
The European Union introduced stricter Euro 5+ emission standards for motorcycles, impacting exporters who must adapt to comply with these regulations.
January 2023
Increased production costs for manufacturers exporting to the EU, potentially reducing profit margins or raising prices for consumers
India extended its Production Linked Incentive (PLI) scheme to boost domestic manufacturing and exports of motorcycles in this category.
March 2022
Enhanced competitiveness of Indian manufacturers in the global market, likely increasing export volumes
A new bilateral agreement reduced tariffs on motorcycles between Thailand and Japan, facilitating smoother trade.
September 2022
Boosted trade volumes between the two countries, strengthening Thailand's position as a regional manufacturing hub