Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.India on Tuesday formally challenged the US on higher auto tariffs by raising the matter with the World Trade Organization,

India will seek to the settle the issue bilaterally as part of the ongoing trade talks, rather than pursue it in the WTO.

Trade negotiations between the United States and India are making progress and a deal could be finalised soon, U.S. Commerce Secretary Howard Lutnick said on Monday, as both sides push to conclude talks ahead of a July deadline.