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UK trade deal slashes India's import duty on luxury cars, but liberalisation in EVs to take time

IndiaTimes Thursday, 24 July 2025 ()
India is set to lower import duties on cars from the UK under a new trade agreement. Customs charges could decrease significantly, benefiting luxury brands. However, the government will postpone duty cuts for electric and green vehicles to protect domestic manufacturers. The reduced tariffs will apply to a limited number of petrol and diesel cars, with quotas in place. Analysts anticipate similar demands from other countries following this initial concession.
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Video Credit: ODN - Published
News video: UK signs historic trade deal with India

UK signs historic trade deal with India 00:35

Business Secretary Jonathan Reynolds and his Indian counterpart Piyush Goyal formally signed the UK-India trade agreement in the great hall of Chequers. The deal is set to be worth £6 billion in investment for the British economy and increase efforts to tackle illegal migration and organised crime....

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The GRAND Tesla Entry Into India | Musk’s EV Giant Opens First Showroom in India at the KC, Mumbai [Video]

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Credit: Oneindia    Duration: 03:12Published
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Credit: Oneindia    Duration: 03:18Published
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Credit: euronews (in English)    Duration: 08:00Published
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Tesla shares plunged 14% Thursday, erasing $150 billion in market value, as Elon Musk’s feud with Donald Trump escalated publicly. Investors fear the fallout could jeopardize Tesla’s regulatory future, particularly its self-driving and robotaxi ambitions. Musk accused Trump of ties to the “Epstein files” in a shocking post on X. Trump retaliated, blaming Musk’s EV losses. With federal scrutiny already looming over Tesla’s FSD system, the clash could cost Musk more than stock value—it could derail Tesla’s future altogether. #ElonMusk #DonaldTrump #Tesla #StockCrash #Robotaxi #FSD #TeslaNews #EVMarket #TrumpVsMusk #AIcars #AutonomousVehicles #XPlatform #EpsteinFiles #PoliticalClash #TechNews #EconomicShock #InvestorsAlert #WallStreet #TeslaCrash #RegulatoryRisk #SelfDriving #USPolitics #WhiteHouse #TrumpFeud #TeslaStock #BreakingNews #MarketUpdate #AIcars #MuskTweet #EVRegulation #FullSelfDriving Also Read Trump vs Musk: Billionaire Battle Turns Ugly With Epstein Taunt, SpaceX Heat :: https://www.oneindia.com/international/trump-vs-musk-billionaire-battle-turns-ugly-with-epstein-taunt-spacex-heat-4173783.html?ref=DMDesc Trump Announces Travel Ban Affecting 12 Countries, Set To Go Into Effect Monday :: https://www.oneindia.com/international/trump-announces-travel-ban-affecting-12-countries-set-to-go-into-effect-monday-4172715.html?ref=DMDesc Trump Doubles Steel, Aluminium Tariffs To 50%, Excludes UK: "Vital For America's 'National Security'" :: https://www.oneindia.com/international/trump-doubles-steel-aluminium-tariffs-to-50-excludes-uk-vital-for-americas-national-security-4171703.html?ref=DMDesc ~HT.410~ED.346~

Credit: Oneindia    Duration: 03:16Published

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