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No Freeway for British Luxury Cars
July 27, 2025
|The Morning Standard
Experts say even with lower duties, impact of FTA on domestic automakers will be minimal
INDIA has granted limited access to UK-based carmakers under the FTA, offering major import duty cuts and large quotas for high-end vehicles in initial years. However, the concessions are restrictive for mainstream luxury cars, and UK carmakers will be barred from entering India's electric vehicle market for the first five years.
The duty cuts and quotas mainly apply to vehicles with large engine capacities (petrol above 3000 cc and diesel above 2500 cc) in initial years. These vehicles cost over ₹1 crore and constitute a negligible share of India's car market. Industry experts suggest even with lower duties and reduced prices, the impact on domestic automakers will remain minimal.
هذه القصة من طبعة July 27, 2025 من The Morning Standard.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The Morning Standard
The Morning Standard
HCLTech net profit falls 11% to ₹4,076 cr, revenue from operations increases 13.3%
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Crowd attacks driver as truck hits LA protest
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