A free large trade agreement between India and the United Kingdom (UK) has been approved. The agreement will provide cars and motorcycles in the UK at a very low price in India.

In fact, under this free trade agreement (FTA), more than 100 percent tax on the vehicles coming from the UK, it will now be reduced to only 10 percent.

These big brands will benefit

The maximum benefit of this agreement will be to the brands of expensive vehicles of the UK. These include famous companies such as Rolls Royce, Bentley, Jaguar Land Rover, Lotus, Eston Martin and McLaren.

Talking about bike making companies, BSA, Norton and Triumph motorcycles will also be able to make even more progress in India due to this new agreement.

Good news for India's auto parts industry too

This trade agreement will not only reduce the prices of vehicles, but will also increase the demand for auto parts (goods of vehicles) made in India. Now companies from all over the world will buy more goods from India, which will also benefit in this area.

Prices will be low, but with some conditions

The prices of expensive cars which are available for crores of rupees will be reduced considerably after this agreement. But this discount will not apply to all cars. Only a certain number of cars and SUVs will have 10 percent import duty. This means that cars will be cheaper, but their number will be limited. However, complete information about this agreement has not been given to automobile companies.

Export will increase from India

Due to this agreement, now a large number of cars and bikes made in India can be sent to United Kingdom. Especially for the electric scooters and bike making companies, starting their business in the UK will now be much easier than before.