Imported European cars likely to be less expensive after FTA with EU

Imported European cars likely to be less expensive after FTA with EU https://www.taxtmi.com/news?id=68754 The India-EU FTA phases down tariffs on imported European passenger cars from an effective 110 per cent to 10 per cent within a quota of 250,000 CBUs per year, with interim phased rates around 30-35 per cent in some segments, a threshold of about 15,000 for application, reciprocal quota balancing at 2.5:1, exclusion of cars likely to retail below Rs 25 lakh from EU exports, and deferred, segmented duty reductions for EVs protected for the first five years. en-us Tue, 27 Jan 2026 21:01:03 +0530 Tue, 27 Jan 2026 21:01:03 +0530 TaxTMI RSS Generator Imported European cars likely to be less expensive after FTA with EU https://www.taxtmi.com/news?id=68754 The India-EU FTA phases down tariffs on imported European passenger cars from an effective 110 per cent to 10 per cent within a quota of 250,000 CBUs per year, with interim phased rates around 30-35 per cent in some segments, a threshold of about 15,000 for application, reciprocal quota balancing at 2.5:1, exclusion of cars likely to retail below Rs 25 lakh from EU exports, and deferred, segmented duty reductions for EVs protected for the first five years. News - Tue, 27 Jan 2026 21:01:03 +0530 https://www.taxtmi.com/news?id=68754