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India-EU Approve 100,000 Cars Import Quota With Lower Duties

By Drooid · · How we work

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Story summary
  • India and the EU will let European carmakers import 100,000 CBU ICE and non-plug-in hybrid cars.
  • Year-one quota allocates 34,000 units €15,000-€35,000, 33,000 €35,000-€50,000, and 33,000 above €50,000.
  • In-quota duties are 35% for €15,000-€35,000 cars and 30% for cars above €35,000.
  • Year five adds a 20,000-unit electric/plug-in hybrid quota, with 30% duty falling to 10% after year ten.
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