Duty concessions to UK only on large petrol, diesel vehicles, high-priced EVs: Official

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India's trade agreement with the UK offers duty concessions on large petrol/diesel vehicles and high-priced EVs, safeguarding its domestic automotive industry, particularly small and mid-sized cars, and affordable EVs. The pact implements phased tariff reductions over several years, prioritizing local expansion and competitiveness. Market access for EVs is primarily for high-end models, while protecting the mass-market EV segment in India.