Cheaper BMWs, Mercedes soon? India–EU FTA eases car tariffs to 10%
India and the European Union have concluded Free Trade Agreement negotiations, paving the way for significantly reduced import duties on EU-made cars. While immediate price drops are unlikely, the phased reduction from up to 110% to 10% over time is expected to make premium European brands more affordable in India's growing car market.
India and the European Union have concluded Free Trade Agreement negotiations, paving the way for significantly reduced import duties on EU-made cars. While immediate price drops are unlikely, the phased reduction from up to 110% to 10% over time is expected to make premium European brands more affordable in India's growing car market. What's Your Reaction?
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