Brief by Shorts91 Newsdesk / 07:40am on 26 Jan 2026,Monday Business
India plans to cut import duties on cars from the European Union to 40 per cent from current levels as high as 110 per cent, sources told Reuters. The move is part of a proposed free trade agreement that could be announced soon. The duty cut will initially apply to a limited number of EU-made cars priced above 15,000 euros. Tariffs may fall further to 10 per cent over time. Battery electric vehicles will be excluded for the first five years. The plan is expected to improve access for European carmakers such as Volkswagen, Mercedes-Benz and BMW. Officials from India and the EU declined to comment. (PC: NDTV)
