India–EU FTA almost sealed: How much cheaper luxury cars could become​on January 27, 2026 at 7:22 am

India and the European Union are nearing a free trade agreement that could significantly lower import duties on luxury cars. Expect premium vehicles from brands like Mercedes-Benz and BMW to become more affordable as tariffs are expected to drop from up to 110% to 40% initially for a certain quota of internal combustion engine cars.​India and the European Union are nearing a free trade agreement that could significantly lower import duties on luxury cars. Expect premium vehicles from brands like Mercedes-Benz and BMW to become more affordable as tariffs are expected to drop from up to 110% to 40% initially for a certain quota of internal combustion engine cars.