Indian Carmakers Agree on Zero Import Duty Under New Trade Deal with UK
Published By: Paras YadavLast Updated: May 15, 2023, 18:03 ISTAutomobile Industry (Photo: Reuters)SIAM's proposal for zero duties is limited to 26,400 cars in the first year, increasing to a maximum of 46,200 over a decadeIndian carmakers have agreed to eliminate import tax on a limited number of vehicles in a trade deal with Britain “if the need arises", according to a document seen by Reuters, offering better access to the world’s third-largest automobile market.India currently levies 60% and 100% tax on car imports!-->…