India offers steep duty cuts for EU cars, quotas tight

India offers steep duty cuts for EU cars, quotas tight. Under the proposed India-EU Free Trade Agreement, India will lower import tariffs on European cars and high-value wines, offering quotas of up to 160,000 vehicles while protecting mass-market vehicles ... India has offered European automobile makers a significantly deeper opening of its protected passenger-vehicle market under the proposed India-EU Free Trade Agreement (FTA) with sharp duty cuts. On its part, Brussels