The India-EU FTA comes at a crucial time for European carmakers, which are facing mounting pressure from higher US import tariffs and fierce price competition in China. The sharp cut in Indian import duties offers welcome relief and opens up new opportunities for companies such as Volkswagen and Renault,

Luxury models from Mercedes, BMW, Audi, Porsche, Lamborghini, and others will benefit from the India-EU FTA, with phased duty reductions on fully built imports.

Luxury European cars could become more affordable in India as New Delhi considers cutting EU car tariffs from 110% to 40%. Find out which cars may get cheaper and how this could affect buyers.

According to a report, Indian government has agreed to immediately reduce the tax on a limited number of cars from the 27-nation bloc, specifically those with an import price above 15,000 euros ($17,7

India is set to significantly slash import duties on European cars, potentially to 40% from over 100%, as a free trade agreement with the EU nears conclusion. This move opens India's auto market, benefiting European brands like BMW and Volkswagen,

European brands could finally break into India’s car market, as the country prepares to slash import tariffs after decades of protectionism

Under the proposed framework, India will lower import duties on a limited number of EU-made cars priced above €15,000 to 40% from current levels that go as high as 110%, the sources said. Over time, these duties are expected to be reduced further to 10%, easing access for European automakers including Volkswagen, Mercedes-Benz and BMW.

Buying an imported car from Europe will now become more accessible for Indian car buyers. The latest Free Trade Agreement between EU and India has confirmed that import duty on European cars will now be reduced from 110 percent to 10 percent.

Modi's government has agreed to immediately reduce the tax on a limited number of cars from the EU with an import price of more than 15,000 euros ($17,739).