India's auto sector duty concession offer to UK under FTA is very nuanced: Official

India's FTA with the UK offers nuanced duty concessions for the auto sector, linking relaxations and quotas to engine capacity and vehicle prices. Import duties will be reduced over 10-15 years with adequate safeguards for sensitive sectors. The agreement aims to double two-way commerce by 2030, benefiting companies like Tata-JLR.

from Auto-Industry-Economic Times https://ift.tt/otOXwNR