India to slash tariffs on cars to 40% in trade deal with EU, sources say

India to slash tariffs on cars to 40% in trade deal with EU, sources say

  • Business
  • January 26, 2026
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“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 euros [$17,739],” says sources

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