On 6 Might 2025, following greater than three years of talks, the UK and Indian governments lastly reached a brand new Free Commerce Settlement (FTA). The revealed textual content contained a major provision for UK-based automakers: India will minimize its tariff on “high-end” automobile imports from 100% to only 10%. The nation has been underneath stress to behave equally for its different commerce companions throughout the previous few months.
This deal arrived a number of days forward of the US-UK commerce replace President Donald Trump marketed as “historic”. Nonetheless, this was largely thought to be a damp squibbasically sustaining the 2 international locations’ buying and selling established order previous to the US’ implementation of tariffs. Is the UK-India FTA a extra substantial prospect for OEMs?
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