India and the European Union are nearing a free trade agreement that could significantly lower import duties on luxury cars. Expect premium vehicles from brands like Mercedes-Benz and BMW to become more affordable as tariffs are expected to drop from up to 110% to 40% initially for a certain quota of internal combustion engine cars.from Auto News: Upcoming Cars and Bikes, New Launches, Price and Reviews | Times of India https://ift.tt/TRNoeqd
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