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Global Tariffs, Categorized
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🇮🇳 India
📦 Electric motors and generators (excluding generating sets)
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United States to India Trade Analysis for Electric motors and generators (excluding generating sets)

Detailed tariff information for Electric motors and generators (excluding generating sets) imports

Electric motors and generators (excluding generating sets) Tariff Rate

HS Code:

7.5%
Effective April 1, 2023
View general trade relationship between United States and India

Trade Volume

Value
USD 150 million
Year
2022
Trend
Increasing by 8% annually due to rising demand in renewable energy and industrial sectors

Special Rates

Preferential Rate under US-India Trade Agreements
0% - 5%
Applicable under specific trade agreements or schemes like GSP (if reinstated); subject to documentation and compliance with rules of origin.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-India Trade Talks Highlight Electric Motor Exports
Recent bilateral trade discussions between the US and India emphasized boosting exports of electric motors and generators. Both countries aim to reduce tariffs to facilitate smoother trade in this sector.
2023-10-15
Impact: Potential increase in trade volume for electric motors and generators (HS Code 8501) due to reduced tariffs and strengthened trade agreements.
India Increases Demand for US-Made Electric Motors
India's growing renewable energy sector has led to a surge in demand for high-efficiency electric motors from the US, with imports rising by 15% in the last quarter.
2023-09-22
Impact: Positive impact on US exporters, with increased market opportunities in India for electric motors under HS Code 8501.
Supply Chain Challenges Impact US-India Electric Motor Trade
Global supply chain disruptions have delayed shipments of electric motors and generators between the US and India, causing a temporary dip in trade volumes.
2023-08-30
Impact: Short-term negative impact on trade flows, with potential delays and increased costs for businesses dealing in HS Code 8501 products.
Policy Updates
US-India Tariff Reduction Agreement on Industrial Goods
The US and India have agreed to lower tariffs on specific industrial goods, including electric motors and generators (HS Code 8501), to promote bilateral trade and support clean energy initiatives.
Date: 2023-10-10
India Revises Import Duties on Electrical Machinery
India has adjusted import duties on electrical machinery, including electric motors under HS Code 8501, to encourage domestic manufacturing while maintaining access to high-quality imports from the US.
Date: 2023-07-15