HS Code:
The category 'Exceeding 90 cc but not exceeding 190 cc' under HS Code typically pertains to motorcycles and other two-wheeled motor vehicles with engine capacities between 90 cc and 190 cc. This segment is significant in the global market, especially in developing economies where such vehicles are a primary mode of affordable transportation. These motorcycles are popular for their fuel efficiency, ease of maintenance, and suitability for urban and rural environments.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
15%
Highest Rate
30% (applied by certain African and South American countries)
Lowest Rate
0% (under free trade agreements like ASEAN)
Rising demand in urban areas of developing countries
Increased export opportunities for manufacturers in India and Southeast Asia due to growing middle-class populations and urbanization.
2021-2022
Shift towards electric alternatives
Traditional combustion engine motorcycles in this category face competition from electric scooters, prompting manufacturers to innovate.
2022
Stricter emission norms
Manufacturers are investing in cleaner technologies to comply with regulations, increasing production costs but also market competitiveness.
2020-2022
The Indian government introduced incentives for motorcycle exports under the 'Make in India' initiative, benefiting manufacturers of 90-190 cc vehicles.
April 2022
Boosted India's export volumes by approximately 15% in this category.
Recent expansions in ASEAN trade agreements have reduced tariffs on motorcycles in the 90-190 cc range among member countries.
January 2023
Enhanced market access for Thailand and Vietnam, increasing regional trade by 10%.
The European Union introduced stricter emission standards for imported motorcycles, affecting Asian exporters in this category.
September 2022
Increased compliance costs for exporters, potentially reducing EU market share for non-compliant manufacturers.