Under the recently concluded India-EU FTA, India will lower the tariffs on cars gradually from 110% to 10% with a quota of 250,000 vehicles a year. Sources explained that there are three price buckets for cars and each will have a separate quota and a gradual reduction in tariff.

India–EU FTA opens access to the EU’s $750 billion electronics market, boosts export prospects and prompts industry calls for policy certainty ahead of Budget.

India, and the EU announced the conclusion of talks for a trade deal on January 27 after nearly two decades of negotiations.

India and the European Union concluded a long-awaited trade agreement, boosting prospects for Indian exporters while reshaping the competitive landscape for local manufacturers.

President of the European Commission Ursula von der Leyen said India and the European Union have launched their first-ever security and defence partnership, marking a significant step in bilateral ties.

European brands could finally break into India’s car market, as the country prepares to slash import tariffs after decades of protectionism