India To Slash Tariffs On Cars To 40% In in Landmark EU Free Trade Breakthrough: Report

India is poised to significantly reduce tariffs on cars imported from the European Union, slashing them from as high as 110 per cent to 40 per cent, according to sources familiar with the ongoing free trade negotiations.This move represents the most substantial opening of India’s vast automotive market to date, as New Delhi and Brussels edge closer to sealing a landmark pact potentially as early
India is poised to significantly reduce tariffs on cars imported from the European Union, slashing them from as high as 110 per cent to 40 per cent, according to sources familiar with the ongoing free trade negotiations.This move represents the most substantial opening of India’s vast automotive market to date, as New Delhi and Brussels edge closer to sealing a landmark pact potentially as early
Go to Source