India-UK FTA: Import of Britain-made luxury cars to get cheaper

India-UK FTA: Import of Britain-made luxury cars to get cheaper

Currently, India’s import tariffs on passenger vehicles range from 70-110 per cent while those on trucks stand at 40 per cent. Industry executives said that import quotas have been implemented to avoid sudden surges in imports and safeguard the Indian auto industry.

20,000 cars imported by India from UK to get cheaper in first year of FTA

The number is significant as the total sales of all British car brands which have a presence in India was less than 6,500 units in FY25. This includes 6,183 uni

India-UK FTA paves way for greater entry of British luxury cars into Indian market

The recently finalized Free Trade Agreement between India and the UK introduces a Tariff Rate Quota (TRQ) mechanism, enabling progressive customs duty reductions over a 15-year period on a quota basis. This move is expected to significantly benefit imports of high-end British luxury car brands such as Aston Martin, Jaguar Land Rover, Rolls-Royce, Bentley, and McLaren, potentially boosting their presence in India’s premium automotive segment. The…