Facebook Pixel BMW for faster, simpler rollout of FTA duty cuts | Business Standard - newspaper - Lisez cet article sur Magzter.com

Essayer OR - Gratuit

BMW for faster, simpler rollout of FTA duty cuts

Business Standard

|

October 11, 2025

The process of implementing import duty cuts under newly signed free-trade agreements (FTAs) with other countries should be simpler and quicker, said Hardeep Singh Brar, president and chief executive officer (CEO) of BMW Group India. Else, he added, it would create confusion among consumers who might delay vehicle purchases in anticipation of better prices.

- DEEPAK PATEL

India and the UK signed their FTA in July this year.

Under the deal, India will gradually reduce import duties on cars made in the UK — which currently range between 70 per cent and 110 per cent — to 10 per cent over five years, but only for a limited number of vehicles each year.

In the first year, duties on large petrol or diesel cars are expected to fall to around 30 per cent, declining further to 10 per cent by year five.

PLUS D'HISTOIRES DE Business Standard

Business Standard

Business Standard

From 'values to value'

This year’s Raisina Dialogue underscored the importance of pragmatic diplomacy in a fractured world

time to read

2 mins

March 09, 2026

Business Standard

Business Standard

'Designed to wreak havoc': Cheap drones are shaping war with Iran

Long before Iranian drones rained down across the Persian Gulf this past week, the United States military was busy trying to find cheap ways to shoot them down.

time to read

1 mins

March 09, 2026

Business Standard

US waiver unlocks Lukoil, Rosneft crude oil for India

Alternative routes for LPG, LNG supplies being explored: Officials

time to read

2 mins

March 09, 2026

Business Standard

A simplistic bull case

Abeguiling theory is doing the rounds in India’s financial circles — that the country’s stock market has become unusually attractive for foreign investors; if only the billion-dollar global funds with the best of talent wised up, they can grow their investment eight times in dollar terms over the next two decades.

time to read

3 mins

March 09, 2026

Business Standard

Deal road awaits new turns

Business Standard unpacks the promises and pitfalls of agreements signed with India’s largest trading partners

time to read

4 mins

March 09, 2026

Business Standard

Thoughts for banking panel for Viksit Bharat

Issues the high-level committee can look into to prepare the Indian banking system for 2047

time to read

5 mins

March 09, 2026

Business Standard

AI can help manufacturing MSMEs create up to $150 bn in value by 2035: PWC-ORF

Artificial Intelligence (AI) can contribute value creation of around $ 135.6-149.9 billion to manufacturing — MSMEs by 2035, under a scenario where MSMEs account for 50 per cent of India’s gross manufacturing value added, a study by PwC India and Observer Research Foundation said.

time to read

1 min

March 09, 2026

Business Standard

Business Standard

Bank faces higher penalty for delayed card closure

V.V. Venkatesh had a credit card issued by Standard Chartered Bank.

time to read

2 mins

March 09, 2026

Business Standard

Big Oil's plastic conspiracy

Last year, researchers at the University of New Mexico studying brain samples from two dozen people who died in 2024 estimated that each person’s brain contained around seven grams of plastic — an entire disposable spoon’s worth.

time to read

3 mins

March 09, 2026

Business Standard

Business Standard

Bharat Forge stock rides global demand rebound for trucks, defence spend boom

The stock of auto component major Bharat Forge hit fresh all-time highs on Friday, supported by multiple triggers across its key business segments.

time to read

3 mins

March 09, 2026

Listen

Translate

Share

-
+

Change font size