UK trade deal slashes India's import duty on luxury cars, but liberalisation in EVs to take time
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.
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....
Tesla has officially entered India, launching its first showroom at Mumbai’s BKC with the Model Y on display. Priced at ₹61 lakh on-road, the Model Y marks Tesla’s push into India’s luxury EV space. Initially imported from Berlin, Tesla’s India debut has sparked praise and criticism—Donald Trump slammed the move as “unfair” due to U.S. export tariffs. While Indian officials welcome the launch, local automakers fear disruption. Tesla’s arrival may accelerate EV adoption and reshape India’s electric vehicle policy landscape.
#TeslaIndia #ElonMusk #ModelYIndia #TeslaLaunch #BKCShowroom #EVIndia #TrumpVsTesla #ElectricVehicles #TeslaMumbai #TeslaIndia #TeslaExperienceCentre #LuxuryEV #MakeInIndia #IndianEVMarket #GigaBerlin #EVRevolution #TeslaNews #AutoIndustry #PolicyShift #TrumpSlamsTesla #BreakingNews #EVAdoption #India2030 #GlobalAutoNews #ElectricMobility #TeslaInAsia
Also Read
Tesla Model Y Launched In India: Price, Features, Variants, Colours, Deliveries & More :: https://www.oneindia.com/india/tesla-model-y-car-price-in-india-check-car-deliver-waiting-period-variants-features-colours-ot-7801577.html?ref=DMDesc
Linda Yaccarino Resigns As CEO Of X After Two Transformative Years :: https://www.oneindia.com/international/linda-yaccarino-resigns-as-ceo-of-x-after-two-transformative-years-7796371.html?ref=DMDesc
Elon Musk’s Starlink Cleared To Operate In India, Services To Begin Soon :: https://www.oneindia.com/international/elon-musk-s-starlink-cleared-to-operate-in-india-services-to-begin-soon-7796229.html?ref=DMDesc
~HT.318~ED.103~GR.125~
Donald Trump lashed out at Elon Musk after the Tesla CEO launched his new “America Party,” calling the move “ridiculous” and branding Musk a “train wreck.” Trump warned Musk’s third-party push would hand Democrats an advantage and undermine GOP unity. Musk fired back, condemning both major parties as corrupt and vowing to shake up Congress in 2026. The clash escalates as Trump celebrates his anti-EV mandate bill and accuses Musk of personal lobbying and political chaos.
#TrumpVsMusk #AmericaParty #ElonMusk #DonaldTrump #PoliticalShakeup #ThirdPartyPolitics #EVMandate #Tesla #TruthSocial #USPolitics #2026Elections #MuskTrainwreck #Uniparty #MuskVsTrump #CorruptSpending #GOPChaos #Congress2026 #OnePartyState #FreedomMovement #EVBill #PoliticalFeud #ElonInPolitics #TrumpRant #MuskPartyLaunch #NewPoliticalParty #BreakingPolitics #BillionaireBattle
Also Read
US President Donald Trump Announces 25% Tariffs On Japan, South Korea :: https://www.oneindia.com/international/us-president-donald-trump-announces-25-tariffs-on-japan-south-korea-7794333.html?ref=DMDesc
Trump Calls Musk’s America Party Plan ‘Ridiculous’ And ‘Unworkable’ :: https://www.oneindia.com/international/trump-calls-musk-s-america-party-plan-ridiculous-and-unworkable-7793443.html?ref=DMDesc
'Giving You Back Your Freedom': Elon Musk Launches America Party :: https://www.oneindia.com/international/giving-you-back-your-freedom-elon-musk-launches-america-party-7792741.html?ref=DMDesc
~HT.410~ED.420~
Car industry needs to ‘shape up’ to compete with Chinese EVs, says Volvo CEO
“There is really no protection in the form of tariffs. The only protection for our industry is that we shape up and we need to be more competitive,” Volvo’s CEO told Euronews.
READ MORE : http://www.euronews.com/2025/07/07/car-industry-needs-to-shape-up-to-compete-with-chinese-evs-says-volvo-ceo
Subscribe to our channel. Euronews is available on Dailymotion in 12 languages
Credit: euronews (in English) Duration: 08:00Published
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~
In a dramatic twist to global nuclear politics, U.S. President Donald Trump has signalled renewed interest in resuming talks with Russia to extend the landmark New START treaty, set to expire in..
Donald Trump made a futile attempt at defending a falling Dollar while gaggling with the Press before travelling to Scotland for a meeting with UK PM Keir Starmer. Trump said that a 'Weak Dollar earns..
U.S. President Donald Trump has lashed out at French President Emmanuel Macron over his announcement to recognize Palestine this September. Trump dismissed Macron’s move as irrelevant, calling him a..