India's new free trade agreement with the UK will slash duties on high-end cars, benefiting luxury brands like Aston Martin and Rolls-Royce. The deal protects the mass-market segment by excluding vehicles under £40,000 from duty concessions. Over five years, customs duties will gradually reduce to 10% for a specific quota of high-end vehicles, promoting collaboration in electric mobility and R&D.
from Auto-Industry-Economic Times https://ift.tt/4w1atFK
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