UK trade deal slashes India's import duty on luxury cars, but liberalisation in EVs to take time
Thursday, 24 July 2025 India is set to lower import duties on cars from the UK under a new trade agreement. Customs charges could decrease significantly, benefiting luxury brands. However, the government will postpone duty cuts for electric and green vehicles to protect domestic manufacturers. The reduced tariffs will apply to a limited number of petrol and diesel cars, with quotas in place. Analysts anticipate similar demands from other countries following this initial concession.
Tesla has officially entered India, launching its first showroom at Mumbai’s BKC with the Model Y on display. Priced at ₹61 lakh on-road, the Model Y marks Tesla’s push into India’s luxury EV space. Initially imported from Berlin, Tesla’s India debut has sparked praise and criticism—Donald Trump slammed the move as “unfair” due to U.S. export tariffs. While Indian officials welcome the launch, local automakers fear disruption. Tesla’s arrival may accelerate EV adoption and reshape India’s electric vehicle policy landscape.
#TeslaIndia #ElonMusk #ModelYIndia #TeslaLaunch #BKCShowroom #EVIndia #TrumpVsTesla #ElectricVehicles #TeslaMumbai #TeslaIndia #TeslaExperienceCentre #LuxuryEV #MakeInIndia #IndianEVMarket #GigaBerlin #EVRevolution #TeslaNews #AutoIndustry #PolicyShift #TrumpSlamsTesla #BreakingNews #EVAdoption #India2030 #GlobalAutoNews #ElectricMobility #TeslaInAsia
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Donald Trump lashed out at Elon Musk after the Tesla CEO launched his new “America Party,” calling the move “ridiculous” and branding Musk a “train wreck.” Trump warned Musk’s third-party push would hand Democrats an advantage and undermine GOP unity. Musk fired back, condemning both major parties as corrupt and vowing to shake up Congress in 2026. The clash escalates as Trump celebrates his anti-EV mandate bill and accuses Musk of personal lobbying and political chaos.
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Car industry needs to ‘shape up’ to compete with Chinese EVs, says Volvo CEO
“There is really no protection in the form of tariffs. The only protection for our industry is that we shape up and we need to be more competitive,” Volvo’s CEO told Euronews.
READ MORE : http://www.euronews.com/2025/07/07/car-industry-needs-to-shape-up-to-compete-with-chinese-evs-says-volvo-ceo
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Credit: euronews (in English) Duration: 08:00Published
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Thursday, 24 July 2025
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