110% to 10% in 10 years: Import tariff to be cut on some vehicles, but with 2.5L annual quota – The Times of India
New Delhi: It’s advantage Mercedes, BMW and Audi. The FTA will reduce import tariffs for cars that cost upwards of Rs 25 lakh from EU from a high of 110% to 30% in the first year, to 10% in 10 years, with a quota of 2.5 lakh vehicles annually.Tesla, however, will have to wait for…