Mercedes-BMW cars to be cheaper in India: Duty on European cars to be reduced from 110% to 10%; Announcement in Free Trade Agreement
Now cars imported from Europe will become cheaper in India. The Indian government has reduced the import duty on cars coming from Europe from 110% to 10%. However, the government has set an annual limit of 2.5 lakh vehicles for this. This decision is part of the free trade agreement between India and the European…
