Reuters reveals Indian car makers propose tax cut on imports in trade deal with Britain | Reuters News Agency
Automotive

Reuters reveals Indian car makers propose tax cut on imports in trade deal with Britain

07 October 2022, 1:16 pm 1 minute
By Reuters News Agency

Reuters exclusively reported Indian car makers have proposed cutting the tax rate on imported cars to 30% as part of a trade deal with Britain, an unprecedented move that could ease access to one of the world’s most protected automobile markets. 

Article Tags
Topics of Interest: Automotive
Type: Reuters Best
Sectors: Economy & Policy
Regions: Asia
Countries: India
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
A sales executive speaks on his mobile phone as he stands in between Maruti Suzuki cars inside a showroom in New Delhi April 9, 2013. India's annual car sales fell for the first time in a decade in the financial year just ended, official data showed on Wednesday, calling into question bullish growth expectations that fuelled billion-dollar bets from global manufacturers. Picture taken April 9, 2013. REUTERS/Adnan Abidi (INDIA - Tags: TRANSPORT BUSINESS)
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