New Delhi, Jan. 9 -- While India and the European Union move into the final rounds of negotiations for a proposed free trade agreement (FTA), domestic automobile manufacturers have raised concerns over the possibility of Chinese electric vehicle (EV) makers using the EU as an indirect route to enter the Indian market at lower import duties.
Industry Flags Risk of Chinese EVs via EU Route
Indian auto companies have urged the government to structure the FTA in a manner that prevents large-scale entry of low-cost EVs assembled in Europe using Chinese components, reported the Times Of India.
The concern is that Chinese manufacturers could set up assembly units in EU member states and export vehicles to India by availing preferential tariff...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.