India: Regime To Cut Tariffs To 40% For Indian Buyers of Mercedes, Other Players, Reports Say

Source: NDTV [India]

“In a massive boost to the European automobile market, India is mulling to reduce tariffs on [Indian buyers of] cars imported from the European Union to 40% from as high as 110%, sources told news agency Reuters. Narendra Modi-led BJP government has agreed to immediately slash taxes on a limited number of cars from the 27-nation bloc with an import price of more than 15,000 euros ($17,739), as per reports. The development comes as the two parties inch closer to seal free [sic] trade agreement that could come as early as Tuesday.” (01/26/26)

https://www.ndtvprofit.com/economy/india-eu-fta-new-delhi-to-cut-tariffs-to-40-for-mercedes-other-players-reports-say-10887959