 "India UK, FTA")
The government has made it clear to domestic automakers that allowing greater market access through concessional duty for electric vehicles (EVs) will be inevitable under the proposed free-trade agreement (FTA) between India and the United Kingdom (UK).
However, to give comfort to the industry, the government will make sure that opening up of the market takes place in a calibrated manner, taking the industry’s ‘concerns’ into account.
The domestic manufacturers have opposed import duty cuts on EVs, considering that it is a sunrise industry. India has been pushing for duty reduction in a phased manner.
“We understand that the EV
