India–EU FTA almost sealed: How much cheaper luxury cars could become
India and the European Union are nearing a free trade agreement that could significantly lower import duties on luxury cars. Expect premium vehicles from brands like Mercedes-Benz and BMW to become more affordable as tariffs are expected to drop from up to 110% to 40% initially for a certain quota of internal combustion engine cars.
India and the European Union are nearing a free trade agreement that could significantly lower import duties on luxury cars. Expect premium vehicles from brands like Mercedes-Benz and BMW to become more affordable as tariffs are expected to drop from up to 110% to 40% initially for a certain quota of internal combustion engine cars. What's Your Reaction?
Economist Admin
Admin managing news updates, RSS feed curation, and PR content publishing. Focused on timely, accurate, and impactful information delivery.
