India to immediately reduce import duty on luxury cars to 30% to boost Mercedes, BMW Business News & more related News Here
New Delhi will immediately reduce import duty on luxury cars from 110% to 30% under the India-EU FTA, opening up a tightly controlled market for cars from Mercedes-Benz to BMW and Volkswagen AG’s Audi, an official said. The Mercedes-Benz logo painted on the hood of a car. (Unsplash) While India has agreed to reduce import…