India has shed import duties on European cars, opening its long-protected auto industry from global competition.
Benz, BMW and Audi operate assembly plants in Maharashtra and Tamil Nadu, where they manufacture cars using CKD kits.
India-EU FTA slashes EU car tariffs from 110 per cent to 10 per cent, promising cheaper luxury imports, phased reductions, and parts duty abolition.
India's new trade pact with the EU provides a massive auto quota, benefiting European manufacturers with reduced tariffs and ...
“Mercedes-Benz welcomes the India-EU FTA as it will have a positive cascading effect on customer sentiments for the luxury segment, with boost in overall economic growth. A gradual tariff reduction on ...
Indian auto parts makers, already struggling with weak domestic demand, now face the risk of losing sales in their top overseas market as U.S. President Donald Trump’s import tariffs ripple through ...
Under the proposed framework, India will lower import duties on a limited number of EU-made cars priced above €15,000 to 40% ...
India has suggested a limited zero-tariff framework for imports of steel, auto parts, and pharmaceuticals from the United States. The proposal describes reciprocal duty-free access, which Indian trade ...
Industry leaders say the India-EU free trade agreement could unlock a major export opportunity for Indian manufacturing by giving zero-duty access to Europe’s $3-trillion import market, while boosting ...
NEW DELHI, May 20 (Reuters) - Indian auto parts maker Sona BLW Precision Forgings expects two-thirds of its revenues to come from electric vehicle (EV) components over the next few years, as ...
Indian automobile component manufacturers, who have been catering to international car companies, are taking additional value out of the supply chain by getting involved in the designing of auto parts ...
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Indian auto parts makers, already struggling with weak ...
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