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India News | Porsche, Mini Cooper… European cars to get cheaper in India as FTA cuts tariffs from 110% to 10%

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By Firstpost-India

Porsche, Mini Cooper… European cars to get cheaper in India as FTA cuts tariffs from 110% to 10%
Representative Image • Source: FP Business Desk
Under the agreement, India will gradually slash tariffs on imported cars from a peak rate of 110 per cent to as low as 10 per cent, according to details released by the European Commission. The duties on auto components will be eliminated entirely over a five-to-ten-year period

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