India-UK Trade Deal Cuts British Car Prices; Scotch Discounts Await State Clearance

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The India-UK Comprehensive Economic and Trade Agreement (CETA) has begun implementation, bringing immediate reductions in the price of British imported cars. Manufacturers such as Jaguar Land Rover and McLaren have already announced notable price cuts on their vehicles as a result of the deal. Reductions on Scotch whisky and Indian whiskies, however, are on hold pending state-level excise clearances. High existing alcohol taxes are expected to limit the scale of savings passed on to consumers even after approvals come through. Ultimately, companies will retain discretion over whether to transfer duty benefits to end buyers.

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