Indian automakers Maruti Suzuki, Mahindra & Mahindra and Tata Motors Passenger Vehicles are evaluating the possibilities of expanding exports of electric vehicles to the UK after the conclusion of a free trade agreement between India and the UK, which will provide duty-free access for electric, hybrid and hydrogen passenger cars under a phased quota system, ETAuto reports.

The agreement, which is due to enter into force on July 15, provides for the introduction of duty-free quotas, starting from the sixth year, for cars worth up to 80,000 pounds in three price ranges: up to 20,000 pounds, 20,000-40,000 pounds and 40,000-80,000 pounds. The initial quotas will amount to 17,600 units and will gradually increase to 88,000 units per year starting in the 15th year. Industry executives view this deal as a potential new export route for Indian-made electric vehicles, especially given that the UK is a right-hand drive market.

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Mahindra & Mahindra said it would evaluate this opportunity as part of a balanced global expansion, while Maruti Suzuki noted that India has a competitive advantage to take advantage of the liberalization and emphasized that it has already exported about 36,000 eVITARA units to Europe in nine months. Tata Motors described the agreement as a structured path to to increase exports of sustainable transport while protecting long-term domestic competitiveness. The free trade agreement also supports the broader ambitions of India and the UK to achieve $100 billion in bilateral trade by 2030.

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