India to Slash EU Car Import Tariffs in Major Trade Deal

Narrative A

Slashing car import tariffs from 110% to 40% represents India's most aggressive market opening yet and delivers massive wins for European automakers while protecting domestic EV manufacturers for five years. The move strengthens bilateral trade worth $136.5 billion and helps offset devastating 50% U.S. tariffs that have hammered Indian textile and jewellery exporters since August.