India-EU FTA to allow import of 1 lakh cars at lower tariffs in first year

The India-EU Free Trade Agreement (FTA), once signed and implemented, will allow European carmakers to import 1 lakh completely built-up (CBU) internal-combustion engine (ICE) and non-plug-in hybrid cars into India at concessional import duties in the first year, according to the tariff schedule under the deal. The quota will gradually rise to 1.6 lakh vehicles from the 10th year.The negotiations concluded in January 2026. The agreement is yet to be signed and will require completion of the resp...

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