Exclusive: Indian car makers propose tax cut on imports in trade deal with Britain

Times of India

Lean Right

Indian car makers propose tax cut on imports in trade deal with Britain

Lobby group the Society of Indian Automobile Manufacturers (SIAM) has written to the government backing phased cuts to 30% over five years, following a grace period of five years with none, Reuters quoted sources as saying. It is the first time Indian car makers have backed such cuts, caving to pressure from a government that wants them to give up their protectionist position and lower entry barriers.