Скачать или смотреть India Slashes EU Car Tariffs to 40% in Historic Trade Deal, Sources Say

India is set to slash import tariffs on cars from the European Union from as high as 110% to 40%, with further reductions to 10% planned over time, sources say. The move comes as part of a landmark India-EU Free Trade Agreement, expected to be announced imminently and already called “the mother of all deals.”

The initial tariff cut applies to a limited number of high-end cars priced above $17,700, easing entry for European automakers such as Volkswagen, Mercedes-Benz, and BMW.

As the world’s third-largest auto market, India has long protected domestic car manufacturers with steep import duties. The reduction could make European cars more affordable for Indian buyers, intensify competition, and push domestic manufacturers toward innovation.

Beyond cars, the deal could boost Indian exports like textiles and jewellery, reshape trade dynamics with partners like the US and Japan, and signal India’s push toward liberalized trade, foreign investment, and technology transfer.

#indiaeu #cartrade #eutrade #india2026 #automarket #indiacars #tariffcuts #volkswagen #mercedesbenz #bmw #freetrade #economicnews #indianeconomy

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#englishnews #tv9digital #tv9d #news #livestream & #news9livestreaming India Slashes EU Car Tariffs to 40% in Historic Trade Deal, Sources Say