New Delhi, July 24 -- India's automakers set to gain access to the UK market as the free-trade pact between the two nations removes 18% duty on exports to the European nation.
The India-UK Comprehensive Economic and Trade Agreement (CETA) also protects the domestic clean mobility market for electric and hybrid vehicles by offering no concessions to the UK. "India shall not provide any out-of-quota preferential customs duty on zero emission vehicles (electric, hybrid or hydrogen fuel vehicles)," the trade documents by the UK government said.
Protecting India's clean mobility manufacturing is crucial as demand for electric and hybrid vehicles rises. While hybrid vehicle sales rose about 12% year-on-year to 365,024 in FY25, pure electric v...
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