MUMBAI — India issues the first part of a highly anticipated new automotive policy. The new plan removes all curbs on car imports, except for the fast-growing segment of 1.0L-2.5L engines; imposes non-tariff restrictions, and continues a stiff tariff on used cars imposed by the government last month. The second half of the new policy that regulates investments, operations and exports still is forthcoming. The used car regulation clearly seeks to discourage the dumping of used cars in the ...
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