India, Jan. 26 -- India is poised to make a major policy shift in its automobile sector by slashing import tariffs on cars from the European Union (EU) to 40% from as high as 110%, a move that comes

The imported cars targeted under this proposal are those with a value above 15,000 (approximately 16.3 lakh). The tariff reduction is significant because it marks one of the largest openings of India's traditionally protected auto market, a sector that has long imposed steep duties to protect domestic manufacturers. Experts call this potential deal the "mother of all deals" for the automotive industry.

Why This Matters for Indian Buyers

Lower tariff rates would make European vehicles cheaper in India, including brands like Volkswagen, Merce...