<ul><li>India's duty concession offer for the auto sector under the FTA with the UK includes relaxations and quotas linked to engine capacity and vehicle prices.</li><li>The duty cut and quota depend on engine capacity and price of vehicles, with a focus on protecting sensitive sectors in India.</li><li>The trade pact aims to lower tariffs on 99% of Indian exports, boost overall trade, and double two-way commerce by 2030 from the present USD 60 billion.</li><li>Tariffs on automotive imports will be reduced under quotas on both sides, benefiting companies like Tata-JLR, Mercedes-Benz, and BMW.</li></ul>

'Very Nuanced': Official Shares Insight On India's Auto Sector Duty Concession Offer To UK Under FTA

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