Duty cuts put UK luxury cars in fast lane in India; prices may drop by Rs 1-3 crore
· economictimes.indiatimes.com
Luxury car prices in India are set to decrease significantly soon. This change follows the India-UK free trade pact taking effect July fifteenth. Customs duty on fully imported cars will drop to thirty percent. This reduction applies to an allotted quota of twenty thousand cars annually. Most companies are still preparing to announce their new pricing structures.
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Premium automobile brands may reduce prices by ₹1-3 crore on lower import duty
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