Developments in the Auto Industry in the Month of July 2012

Discussion in 'T&AA - Travel and Anything Automotive' started by JD666, Jul 4, 2012.

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  1. dbg

    dbg RAID Staff Staff Member

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    BMW is coming down hard on Audi .. :D
     
  2. dbg

    dbg RAID Staff Staff Member

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    Your Supercars to get cheaper -

    India is talks with EU to cut the import duty on imported automobiles from the current 60% to 10% for the next five years under the Free Trade Agreement.
    The proposal will bring a fixed quota-tariff to about 2.5 lakh imported cars for 5 years.

    Once the agreement passes .. India can import 40,000 cars in the first year and 5000 more cars each year there-on.
    In exchange for this India is demanding that EU issue more visas for its professionals, recognition as a secure data country to be able to carry out more off-shore operations & less regulations for Chemical export to the EU etc.

    On the home front SIAM ,, (Society for Indian Automobile Manufacturers) has raised a concern over this proposal saying that the move will discourage European automakers from investing in India-based-manufacturing. Also India is exploring the possibility of cutting the duty on cars from Non-EU countries to half (30%).

    Apart from cars EU also wants a reduction in the duty imposed on Wine & Whiskeys .. :D

    Win Win situation all around .. :D

    JD666 ManISinJpr SumitB RajaPraveen
     
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  3. JD666

    JD666 RAID Leader Staff Member

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    Closing thread, for new thread for month of August will be opened.
     
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