India-UK FTA: Duty cut hopes dent luxury car bookings ...Middle East

The Times of India - News
India-UK FTA: Duty cut hopes dent luxury car bookings
The impending India-United Kingdom trade agreement, poised to slash import duties on luxury cars to 10%, has disrupted the Indian luxury car market. Wealthy customers are delaying or cancelling orders, anticipating lower prices. Dealers face frustration and potential losses as brands may divert production to other markets, while advising customers on potential price increases and delayed implementation.

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