The European Union has called upon India to reduce tariffs on car imports from more than 100% to 10% as the two entities engage in trade deal discussions. This move, if implemented, could prove advantageous for European car manufacturers such as Volkswagen and Tesla, despite apprehensions expressed by Indian automakers. Both parties are demonstrating adaptability in order to reach a consensus and seal the deal before the end of the year, thereby averting any adverse economic consequences that may arise.

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EU pushes India to slash car import tariffs in trade talks, benefitting European automakers like Volkswagen and Tesla.
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