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EU-India Trade Deal to Reshape Auto Market
A landmark trade deal between the European Union and India is set to dramatically lower import tariffs on European cars, a move analysts believe will encourage greater manufacturing investment in the world's third-largest auto market. The agreement, expected to be ratified early next year, will see India gradually reduce its steep import duties on cars from the 27-nation bloc from as high as 110% down to 10% over the next five to ten years. While full details remain unpublished, European industry sources indicate the agreement includes specific quotas for vehicles with internal combustion engines and mild hybrids. ... (full story)
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- Jan 29, 2026 1:36am Posted byFundamental Analysis160
