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The Economic Times

Business / The Economic Times

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Trade deal or not, India wont be easy for EU carmakers

European carmakers gain a significant advantage with a new EU-India trade deal. Tariffs on imported cars will drop sharply, opening India's vast market. This move offers a welcome boost to companies like Volkswagen and Renault. While challenges remain from local and Asian rivals, the deal signals a promising future for European exports. India's car market is poised for substantial growth.

27 Jan 2026 3:14 pm