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13 Oct
09:54

Indian automakers propose lower import tax rate for UK autos

The Society of Indian Automobile Manufacturers (SIAM), a representative association in India's automotive industry, has proposed a five-year gradual reduction to 30% on import taxes for UK automobiles, including electric vehicles, according to Reuters.  This proposal is expected to be a compromise between rapid development and domestic growth for India, Kallanish notes. Yet, some enterprises are still worried that a…
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