SENSEX
NIFTY
GOLD
USD/INR

Weather

image 13    C

National News

The Times of India

National / The Times of India

details

IndiaEU FTA: New Delhi likely to cut car import tariffs from 110% to 40% - report

India is set to significantly slash import duties on European cars, potentially to 40% from over 100%, as a free trade agreement with the EU nears conclusion. This move opens India's auto market, benefiting European brands like BMW and Volkswagen, while protecting domestic electric vehicle production initially. The deal aims to boost trade and diversify supply chains.

26 Jan 2026 9:30 am