European Union and India Finalize Trade Agreement to Reduce Tariffs on Imported Cars
The European Union and India have agreed to a trade deal reducing car tariffs from 110% to 40%. This policy shift aims to open India's massive car market.
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The European Union 
EUand India 
INare set to sign a significant trade deal on Tuesday that marks a major policy shift in the global automotive sector. The agreement centers on a substantial reduction of import tariffs for European-made vehicles, lowering the current levy from as high as 110% to 40%. This move is intended to enhance market access for European automakers in what is currently the world's third-largest car industry, a market that has historically been highly protected with levies previously ranging between 70% and 110% on imported cars.
EUand India INare set to sign a significant trade deal on Tuesday that marks a major policy shift in the global automotive sector. The agreement centers on a substantial reduction of import tariffs for European-made vehicles, lowering the current levy from as high as 110% to 40%. This move is intended to enhance market access for European automakers in what is currently the world's third-largest car industry, a market that has historically been highly protected with levies previously ranging between 70% and 110% on imported cars.
