The India-UK FTA seems like a huge relief, but there are clauses and quotas. Here are all the details you need to know about how the FTA will affect the automotive market.
The India-UK Free Trade Agreement (FTA) is a welcome move on many fronts, and automotive enthusiasts have been especially eager owing to the massive price cuts the vehicles will see. Cars made by Bentley, Rolls-Royce, McLaren, and Mini will see a 50 percent reduction in price. While on paper this seems perfect, there are a number of criteria, and it’s not this simple. Let us explain.
India-UK FTA: How will it work for ICEs?
According to the agreement signed, imported ICE vehicles will see a 30–50% reduction in import taxes in the first year of implementation, limited to…
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