India to reduce car import tariffs to 40% in EU trade deal
after close1 source ↓written by the desknot a recommendation
- from as high
- 40%
- as high
- 110%
- and aims
- €15,000
- over time
- 10%
India plans to slash tariffs on imported cars from the EU to 40% from as high as 110%, marking a significant market opening. This reduction applies to cars priced over €15,000 and aims to ease access for European automakers like Volkswagen and BMW. The tariff may further decrease to 10% over time, enhancing competition in the Indian automotive market.
Not investment advice. For informational purposes only.