Electric Vehicles

Photo: India Today

UK Seeks Custom Duty Cut On Electric Vehicles Amid Discussion With India

 The UK is pushing for a cut in customs duty on electric vehicles in the ongoing negotiations for signing a free-trade deal with India, a senior official confirmed. At present there is a customs duty of 60 per cent on imported cars priced below $40,000 while it is 100% on those priced above this point. The UK has suddenly brought in the new proposal on electric vehicles, uneasy for India.

Wed, 08 Nov 2023 - 05:26 PM / by Varsha Joshi

Tags: India-UK Free Trade Deal, PM Modi, PM Rishi Sunak, Electric Vehicles

Courtesy: Investing.co