๐จ **Trade Update: India Makes a Big Move on Car Imports** ๐ฎ๐ณ๐ช๐บ
India is planning a major cut in **car import tariffs**, lowering duties from **110% to 40%** as part of a trade deal with the **European Union**.
**Whatโs included ๐**
* Applies to selected cars priced **above โฌ15,000**
* Tariffs may gradually fall further to **10%** over time
* Aimed at strengthening trade ties with the EU
**Why this matters:**
* Imported cars could become more affordable
* Signals a shift toward a more open trade policy
* Could impact domestic auto makers and investors
This is a significant change in Indiaโs trade approach and could reshape the auto market in the coming years.
Whatโs your view โ positive step or risk for local brands? ๐ฌ