EU Pressures India to Slash Car Import Tariffs, Boosting Prospects for Volkswagen and Tesla in Trade Deal Talks

The European Union is pushing for India to slash tariffs on car imports as trade negotiations continue, with a proposed reduction from over 100% to 10%. This move is aimed at benefiting European automotive giants such as Volkswagen and Tesla, despite opposition from domestic manufacturers. Both parties are displaying flexibility in a bid to reach a final agreement by the end of the year in order to avoid any negative economic impacts. The potential deal could have significant implications for the automobile industry in India and Europe, with hopes of creating a more conducive trading environment for all involved.

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