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Vehicles are offered in various segments in the Indian market. The demand for bikes and cars is increasing steadily. Many auto companies are now launching bikes and cars with the best features with new technology.

Luxury cars in India are also getting huge demand. Many dream that you should have a luxury car too. But, due to the expensive price, this dream does not come true. There has been a good news for such people.

Now luxury cars like Rolls Royce, Bentley and Trimf will be affordable to ordinary Indians. The reason for this is that the new Free Trade Agency (FTA) between India and the United Kingdom (UK) will provide huge benefits to both countries. The result will be more visible on the automobile area, especially. After this agreement, the price of luxury cars and bikes will be seen. Let’s know the full information about it.

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What is special in the agreement?

India will now reduce the import duty on the high quality car coming from the UK to only 10% to only 10%. This means that the luxury cars coming from abroad are going to be cheaper in the Indian market. But, there will be a fixed quota on the number of these vehicles, which will be imported to a limited amount of car.

Which vehicles are expected to be cheaper?

The prices of expensive and luxury car brands made in UK such as Jaguar Land Rover (JLR), Aston Martin, Bentley and Rolls-Royce. In India, the prices of these cars can now decrease. Not only that, bikes of some limited edition bikes imported from UK, such as Triumph Rocket 3 EVel Knievel Edition, can now be available at a more affordable price.

What will India benefit from this?

This agreement is going to benefit India as well. About 99% of the products of India’s trade value will be removed. This means that Indian companies like Mahindra, Royal Enfield, TVS, Bajaj will now be cheaper and easy to export cars and bikes to the UK.

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Mahindra and Maruti also prepared

Mahindra is preparing to launch his electric models in BE 6 and XUV 9E UK. At the same time, Maruti and Toyota’s first EV e-vitara and Urban-cruzer will also be exported to the UK from Gujarat. With low tax, it will now be more beneficial to sell these vehicles in the UK.