R C Bhargava, chairman of India’s largest carmaker, Maruti Suzuki, is no stranger to making contrarian calls. And he has done it once again.

       “Indian car companies are already globally competitive, with even cheaper cost of production. So there is no reason to impose high tariff barriers, or a quota system for cars that would be eligible for preferential tariff to protect the industry from the UK’s or Europe’s carmakers. We are not competing with China,” Bhargava told Business Standard.

       With this, Bhargava breaks ranks with many in the Indian car industry, but shows alignment with the government, which is

       Also Read

       India-Asean FTA review: Talks for 'modern' pact scheduled for Feb

       Want easier intra-company transfers for workers: India on UK FTA talks

       No reason for high tariffs on cars from UK, EU: Maruti Suzuki's RC Bhargava

       Overall trade gains may be limited for India in FTA with UK: GTRI

       India-UK FTA: Ongoing talks to clear thorny issues like labour, environment

       GAEC application for SCOMET items: Exporter must have trust in end user

       Central banks worldwide to ease monetary policy in coming year: Report

       ESIC leads in providing social security benefits by formalising workforce

       India-Maldives row: Traders to refrain from dealing with island, asks CAIT

       Tata Power, Adani lead Rs 6.64 trn funding plans at TN Investor Meet