Maruti Suzuki, Mahindra and Tata Motors eye opportunity in UK's EV market via trade deal

Maruti Suzuki, Mahindra & Mahindra and Tata Motors are positioning for growth in the UK EV market under an India-UK free trade agreement that is due to enter into force on July 15. The deal, set to double two-way commerce to USD 100 billion by 2030, will enable duty-free exports of certain Indian-made electric, hybrid and hydrogen passenger cars starting in the sixth year, within a quota framework. According to the India-UK CETA document, duty-free access applies to price segments under GBP 20,000 up to GBP 80,000, with a total quota peaking at 88,000 units from the 15th year. The article cites Mahindra executives highlighting a calibrated expansion of its electric SUV portfolio and Maruti discussing competitiveness for export, noting that it has already exported about 36,000 e-VITARA units to Europe within nine months, with the UK as the top market. Tata says the phased quota approach supports both new export opportunities and domestic competitiveness. Cars above GBP 80,000 are excluded.