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India Aims to Slash Auto Import Tariffs to 10% from Over 100% for EU Trade Deal
2025-04-07 /
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Author：小编
In an effort to facilitate a trade agreement with the European Union, India is contemplating a phased reduction of import tariffs on cars from the current rate of over 100% down to 10%. Earlier, the US government had also expressed interest in eliminating auto import tariffs, encompassing those on electric vehicles, as a component of its bilateral trade negotiations with India. As the third-largest automobile consumer market globally, India's prohibitively high import tariffs on cars have long posed a significant barrier for international automakers seeking to penetrate the market. Should this tariff adjustment materialize, prominent brands such as Volkswagen, Mercedes-Benz, BMW, and Tesla stand to gain immediate benefits.
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