India, April 2 -- As part of its ongoing trade deal negotiations with the US, India has reportedly agreed to "significantly" cut tariffs on import of electric vehicles (EVs).

While domestic players have been opposing any reduction in tariffs, the Centre has decided to go ahead with the cuts as it believes that the domestic auto industry has been protected for "too long", Reuters reported, citing sources. However, the report didn't specify the quantum of rate cuts.

This comes as US President Donald Trump is set to announce reciprocal tariffs tonight on all countries.

Earlier, reports said that India might altogether remove import tariffs, which would lead to a significant decline in the prices of cars coming from the US.

Reduction in t...