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India on Monday invited the first round of applications for the allocation of 2026 import quotas for fully-built passenger cars and goods vehicles under the duty concession provisions of the India-UK free trade agreement. Under the India-UK Comprehensive Economic and Trade Agreement (CETA), which came into effect from July 15, New Delhi has allowed the import of a total of 3.78 lakh units of conventional-engine passenger cars, including those in the mass segment, from the UK at a concessional customs duty during the first 15 years of the implementation of the trade pact between the two countries. Under the pact, tariffs on automotive imports will fall from about 110 per cent to 10 per cent, with quotas on both sides. Importers seeking to import vehicles from the UK under the quota-based duty concessions (tariff rate quota - TRQ) provided under the agreement can submit their applications from July 21 to August 4, the directorate general of foreign trade (DGFT) said in a ...
Tata Motors Passenger Vehicles Ltd on Friday said it will hike prices of its internal combustion engine (ICE) passenger vehicles from April 1, 2026, citing rising input costs. The weighted average price increase will be 0.5 per cent of the ICE portfolio, and the extent will vary across models and variants, Tata Motors Passenger Vehicles Ltd said in a statement. This revision is being undertaken to partially offset the continued increase in input costs, it added. The company sells a range of ICE vehicles from the hatchback Tiago to the Safari SUV priced between Rs 4.57 lakh and Rs 23.42 lakh (ex-showroom Delhi).