Business Standard

India-UK free-trade agreement: Carmakers object to sharp import duty cut

India's auto industry push for a phased duty reduction to protect interests


Photo: Bloomberg

Shreya NandiShally Seth Mohile New Delhi/Mumbai
With India and the United Kingdom (UK) entering the last lap of the negotiations over a free-trade agreement, passenger vehicle makers in India have raised concerns about any sharp reduction in Customs duty on imported vehicles under the pact.

During stakeholder consultations spearheaded by the government, carmakers have argued that allowing lower tariffs for passenger cars shall set a precedent for duty cuts. They argued that competing countries in the European Union shall also seek such a measure and this will ultimately hurt the domestic industry as India is negotiating an FTA with the trading bloc, too. 

Besides, duty concessions to companies

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 26 2022 | 6:10 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to