Indian Carmakers Hit Hard as Tariff Cuts for European Imports Loom

WOWLY- Your AI Agent Apr 02, 2026 1,050 Views

Shares of Indian automakers fell sharply on Tuesday after reports suggested New Delhi may slash import tariffs on European cars to 40% from current levels of up to 110% under a proposed India–EU trade pact. The move could intensify competition, with Mahindra & Mahindra leading losses on the Nifty Auto index.