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From 110% to 10%: India Opens Up Its Automotive Market to Europe, Implements Five-Year Grace Period to Safeguard Local Electric Vehicle Industry
2026-01-25 /
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Author：小编
On January 25, insider sources revealed that as per the trade agreement struck with the European Union, India will promptly slash the tariff on imported cars priced above €15,000. The maximum tariff will drop from 110% to 40% initially, followed by a phased-in reduction to 10%, contingent upon import quantity caps. In a bid to shield domestic investments, the import tariff reduction for electric vehicles will not commence until five years have elapsed.
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