The government insists that British auto manufacturers use 45 percent of components from India

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New Delhi: Under the Free Trade Agreement (FTA) between India and the United Kingdom (UK), UK auto manufacturers will get duty relief only if these auto manufacturers increase the use of Indian components in their vehicle production to 45 percent. Britain's carmakers are opting to keep this share to 25 percent, government sources said.

The UK has also not accepted India's proposal to provide duty relief on electric vehicles priced above Rs 70 lakh.

The UK is insisting on reducing the duty on all types of electric vehicles and bringing it in the range of 15 to 20 percent.

The UK authorities are insisting on a drastic reduction in duty on vehicles but are unwilling to change their stance on the use of components.

India is ready to bring down the duty on value above Rs 70,000 lakh from 100 per cent to 85 per cent. Indian auto manufacturers are protesting the proposed cut in duty on UK vehicles.

Sources also added that since the electric vehicle sector in India is currently an emerging sector, the government wants to encourage the domestic industry and hence high duty is levied on foreign electric vehicles. As the current government wants to make India a manufacturing hub, any reduction in duty can hamper this initiative of the government.

Negotiations for a free trade agreement between India and the UK have been going on since January 2022, but it has not yet been finalised. This has not been possible due to political developments in the UK.

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