Since writing my post The RAC have got back to me (thanks Paul)
First my 'similar' is going in a Ford Fiesta not a moped. So sorry if that was misleading.
They will give me a carnet but only with a £5000 cash deposit. Car is worth £100 
I have no doubt if there is no water to cross or sand to negotiate that most vehicles could drive to India from the UK as long as you treat them nicely and know how to do a bit of tinkering.
I would definitely love to do a RTW on a small bike.
I met a RTW cyclist on my drive to Turkey last year and he thought he was going too fast a lot of the time
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