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The Economic Times

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India to slash tariffs on cars to 40% in trade deal with EU, sources say

India is set to significantly reduce import duties on cars from the European Union. Tariffs will drop to 40% from as high as 110%. This move is part of a major free trade agreement expected soon. European automakers like Volkswagen and BMW will see easier market access. This pact aims to boost bilateral trade and Indian exports.

26 Jan 2026 6:59 am