The India-UK trade deal is due to be signed on Wednesday, but the lead-up to the much-anticipated Comprehensive Economic and Trade Agreement (CETA), cleared by the Cabinet on Monday, has dented the order books of the luxury car industry.
The UK is home to luxury car brands such as Land Rover, Jaguar (both owned by Tata Motors), Rolls Royce, Bentley, Aston Martin, Lotus, and McLaren. The announcement of a free trade agreement between India and the UK in May, which envisages reducing the import duty on…
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