No change in prices of models from Merc, BMW, Audi, Renault, Citroen, VW, and Skoda
India and the EU have formalized a Free Trade Agreement, but immediate price drops for European car brands are unlikely due to rupee devaluation and the FTA's phased implementation over 18-24 months. While super-luxury imports may eventually see price cuts, local manufacturers are adopting a 'wait and watch' approach, anticipating a balanced impact on the competitive landscape.
India and the EU have formalized a Free Trade Agreement, but immediate price drops for European car brands are unlikely due to rupee devaluation and the FTA's phased implementation over 18-24 months. While super-luxury imports may eventually see price cuts, local manufacturers are adopting a 'wait and watch' approach, anticipating a balanced impact on the competitive landscape.
