India-EU FTA to cut car import duties; 1 lakh EU cars eligible in first year - What it means for customers

India-EU FTA to cut car import duties; 1 lakh EU cars eligible in first year - What it means for customers. The proposed India-EU FTA will allow up to 1 lakh EU-origin ICE and hybrid cars to enter India at lower duties in the first year. The quota will gradually rise to 1.6 lakh vehicles from the 10th year, ...