India-EU FTA sealed: Will BMWs and Mercedes be more affordable?
India's new Free Trade Agreement with the EU promises lower import duties on European cars, potentially making luxury brands more accessible. However, the benefits are primarily for higher-income buyers, as concessions apply to pricier vehicles. While mass affordability for the average middle class remains distant, the deal could spur local manufacturing and technological advancements in India's auto sector.
India's new Free Trade Agreement with the EU promises lower import duties on European cars, potentially making luxury brands more accessible. However, the benefits are primarily for higher-income buyers, as concessions apply to pricier vehicles. While mass affordability for the average middle class remains distant, the deal could spur local manufacturing and technological advancements in India's auto sector.
