EU urges India to slash car import tariffs for trade deal, benefiting European automakers like Volkswagen and Tesla.

The European Union has called on India to reduce tariffs on car imports from more than 100% to 10% as part of ongoing trade deal talks. This move, which has raised concerns among domestic automakers, is seen as a way to benefit European car manufacturers such as Volkswagen and Tesla. Both parties are displaying a willingness to compromise in order to reach a final agreement by the end of the year, aiming to avoid any negative economic consequences. The negotiations between the EU and India are crucial for enhancing trade relations and opening up new opportunities for businesses in both regions.

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