The European Union has called on India to slash tariffs on car imports from the current rate of over 100% to a more reasonable 10% as the two parties engage in trade deal talks. This move has sparked concerns among domestic automakers, but it is expected to greatly benefit European car manufacturers such as Volkswagen and Tesla. Both India and the EU are displaying willingness to compromise in order to reach a final agreement by the end of the year to avoid any negative economic impact. The negotiations are crucial for both parties as they seek to enhance trade relations and boost their respective automotive industries. By reducing tariffs on car imports, India could potentially open up its market to a wider range of vehicles, providing consumers with more choices and potentially driving competition in the sector. Stay tuned for further updates on this developing trade deal between India and the European Union.