The UK FTA trade agreement once signed will make luxury car import duty reduced in India.
Is this risk already baked in the price for M&M? Maruti ideally should not be affected much given that they are still majorly a people’s car producer. Tata Motors may infact benefit since they can import their JLRs.
But the reduction of import duty is expected to be gradual over 5-10 years plus there are some quota talks aswell… India’s carmakers back zero duty on limited British imports under trade deal: sources – The Economic Times
| Subscribe To Our Free Newsletter |
