FTA Perks: UK sells 22,000 premium electric vehicles in India

New Delhi: Britain will receive a quota to sell 22,000 high-value electric vehicles to India with a lower 10% duty, while New Delhi will receive a quota to sell low and mid-range electric vehicles to the UK under India-UK FTA.Duty-free imports of internal combustion engine (ICE) vehicles from the UK are limited to predefined quotas under the agreement, while duty-free quotas for electric vehicles are limited to thousands of people, people familiar with the matter said.
India will reduce the tariffs on cars to more than 100% now. “Electric vehicles outside this quota have not reduced responsibilities,” one official said.
Please read also: Arrows are still shaking in India: FTA allows UK to compensate for carbon tax losses

India's decision to immediately lower the tariffs on Scotch whisky to 75%, with 40% in a decade only causing an increase in imports without significantly affecting the domestic market, the official said.

“Reducing tariffs from 150% will also help increase FDI in the field,” the official said. He added that the liberalization of the mission will invite UK expertise in psychogenic development, quality control, marketing, marketing and consumer awareness.Please read also: British beauty brands will appreciate the Indian market in the form of Nykaa, Tira Prep, for luminous industrial products such as diamonds, silver, base stations, smartphones, TV cameras, fiber optic, fiber bundles and cables, which are excluded in India-ukuk FTA. New Delhi has no responsibility for the import of these projects.

The official said that while India has not yet made any gains on this FTA’s visa-related issues, the UK offers a mobility commitment, allowing 1,800 yoga instructors, classical musicians, chefs and independent professionals in computer and related services as well as research and development services each year.