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EU carmakers face tough India market even after trade deal

BERLIN, Jan 27 (Reuters) European carmakers, squeezed by U.S. tariffs and price wars in China, will get a welcome boost from an EU-India trade deal that sharply drops tariffs on car imports, but face a tough market dominated by homegrown firms and compact Japanese kei cars. India and the European Union are set to sign a trade deal on Tuesday, including slashing tariffs on imports of EU-made cars to 40% from as high as 110%, the biggest opening yet of Indias vast market for Volkswagen and Renault. Stay up to date with the latest news, trends and innovations that

27 Jan 2026 9:55 am