India to reduce car import tariffs to 40% in EU trade deal
pre-market1 source ↓written by the desknot a recommendation
- from as high
- 40%
- as part
- 110%
- and will eventually
- €15,000
- eventually lower
- 10%
India will cut tariffs on cars from the EU to 40% from as high as 110% as part of a trade agreement. This reduction applies to cars priced over €15,000 and will eventually lower to 10%. This move opens the Indian market for European automakers like Volkswagen and BMW, enhancing competition and potentially impacting local manufacturers.
Not investment advice. For informational purposes only.