Poging GOUD - Vrij
India may cut car tariffs to 40% in EU trade deal
Mint Kolkata
|January 26, 2026
Announcement on conclusion of protracted trade talks likely on Tuesday
The government has agreed to immediately reduce the tax on a limited number of cars from the 27-nation bloc with an import price of more than €15,000 ($17,739).
(HT)
India plans to slash tariffs on cars imported from the European Union (EU) to 40% from as high as 110%, people said, in the biggest opening yet of the country’s vast market as the two sides close in on a free trade pact that could come as early as Tuesday.
Prime Minister Narendra Modi's government has agreed to immediately reduce the tax on a limited number of cars from the 27-nation bloc with an import price of more than €15,000 ($17,739), two people briefed on the talks told Reuters.
This will be further lowered to 10% over time, they added, easing access to the Indian market for European automakers such as Volkswagen, Mercedes-Benz and BMW.
Dit verhaal komt uit de January 26, 2026-editie van Mint Kolkata.
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