EU-India trade deal opens market for European cars but local rivals and tiny kei models remain a barrier
The EU-India agreement to sharply reduce import duties offers European carmakers a clearer route into the Indian market, but the opening is limited. Tariffs on selected EU-made cars will fall to 40% from levels as high as 110%, with some models later subject to a 10% rate. Analysts say the change favors premium, fully built imports yet leaves the m…