India-UK CETA opens door to 3.78 lakh UK car imports at slashed 10% duty over 15 years
From July 15, India permits 3.78 lakh UK passenger car imports at concessional duty, down from 110% to 10%, starting with a 20,000-unit Year-1 quota peaking at 37,000 in Year 5. Sub-GBP 40,000 EVs ringfenced, shielding Tata Motors, Mahindra and Maruti Suzuki, while India secures an 88,000-unit EV export quota to the UK.
India-UK CETA effective July 15 allows 3.78 lakh UK passenger car imports at concessional duty over 15 years, slashing tariffs from 110% to 10%. Mass-market sub-GBP 40,000 EV segment protected, benefiting Tata, Mahindra, Maruti.