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After Trump, EU seeks zero tariff from India on car imports, sources say

  • The European Union is pushing India to eliminate tariffs on car imports, seeking a reduction from over 100% to 10%.
  • Statements from industry sources and officials indicate that India is considering phased tariff reductions to support negotiations and maintain competitiveness.
  • Reducing tariffs could benefit European carmakers like Volkswagen and BMW, and potentially Tesla, which plans to begin EV sales in India.
  • India's local car industry has expressed concerns that sharp tariff cuts might harm investments in domestic manufacturing, urging for a phased approach to tariff reductions.
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  • 46% of the sources lean Right
46% Right
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Pénzcentrum broke the news in on Monday, April 7, 2025.
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