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

Описание: 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

..............................................................................................
News9 is India's leading English News Channel. News9 LIVE YouTube channel offers latest news videos on Politics, Business, Cricket, Bollywood, Lifestyle, Auto, Technology, Travel, Entertainment and a lot more.

Stay tuned for all the breaking news in English !

Welcome to our live stream, where we bring you the latest news and breaking headlines from India and around the world. Stay informed with real-time updates on global events, politics, business, technology, and more. Whether it's major developments, breaking stories, or in-depth analysis, we’ve got you covered. Join us as we discuss the most important events shaping the world today, and stay connected with the latest happenings from every corner of the globe!
► News9 Plus App : https://news9plus.app.link/aPwz3P2psMb
► News9 OTT Coupons : https://bit.ly/4dwLDx4
► Watch us on YouTube :    / news9live  
► Like us on Facebook :   / news9live  
► Follow us on Instagram :   / news9live  
► Follow us on Twitter :   / news9tweets  

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