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India is proposing reducing import taxes on some electric vehicles from the UK in an effort to clinch a free-trade deal between the two nations by the end of the year, according to two people familiar with the discussions.
Maruti Suzuki, renowned for its small and affordable cars targeting the mass market, unveiled a hybrid model with a base price of 2.48 million rupees (roughly R566,665) as it aims to make up ground in the premium segment.
The British car maker is jumping on the EV bandwagon, but will its path to a dramatically smaller footprint ultimately dismay investors?