India-UK FTA effective July 15, 2026: Scotch, luxury cars, EVs, cosmetics set to get cheaper
Import duties collapse under the India-UK FTA from July 15, 2026: cars 100% to 10%, EVs 110% to 10%, Scotch whisky 150% to 40%, cosmetics 40% to 0%. Quota allows 3.78 lakh UK vehicles into India over 15 years, reshaping premium retail pricing across auto, spirits, and beauty.
What happened
India-UK FTA effective July 15, 2026 slashes import duties on UK cars (100% to 10%), EVs (110% to 10%), Scotch whisky (150% to 40%), and cosmetics (40% to 0%),
Key facts
- 100% to 10% car duty
- 110% to 10% EV duty
- 150% to 40% whisky duty
- 40% to 0% cosmetics duty
- 3.78 lakh vehicles
- 15 years
- July 15, 2026
Why this matters
The 15-year 3.78 lakh UK vehicle quota and tariff collapse opens M&A and JV windows with UK premium brands seeking Indian distribution—lock partnership terms before duty arbitrage gets priced into deal multiples.