US EditionEU carmakers face tough India market even after trade deal
The tariff cut from up to 110% to 40% aims to expand European carmakers' under 3% market share amid India's growing auto sector projected to reach 6 million vehicles by 2030.
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European Carmakers Eye Expansion In India Amid Suzuki, Homegrown Domination
European carmakers, squeezed by U.S. tariffs and price wars in China, will get a welcome boost from an EU-India trade deal that sharply drops tariffs on car imports, but face a tough market dominated by homegrown firms and compact Japanese "kei cars.
EU carmakers face tough India market even after trade deal
European carmakers, squeezed by U.S. tariffs and price wars in China, will get a welcome boost from an EU-India trade deal that sharply drops tariffs on car imports, but face a tough market dominated by homegrown firms and compact Japanese "kei cars."
After China, European manufacturers could focus their efforts on a new market. Brussels and India are currently under discussion to establish a trade agreement, particularly with lower tariffs. The agreement in question concerns many products, including automobiles. This could represent a golden opportunity for some manufacturers who want to set up it. India, a more and more coveted market If we talk a lot about China, a country that is now cent…
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