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European automakers accelerate India localisation ahead of EU trade deal

Companies such as Volkswagen, Mercedes-Benz, UK-based Jaguar Land Rover (JLR), Renault, and BMW already assemble imported kits and sell cars and SUVs in India at a low tariff of 16.5%, while the proposed trade pact reportedly aims to bring down tariffs from 110% to 40%.

27 Jan 2026 5:45 am