Luxury carmakers react on India-EU FTA: No instant price cuts because…​on January 28, 2026 at 7:42 am

India and the European Union have concluded talks on a Free Trade Agreement, aiming to significantly reduce import duties on EU cars. While luxury carmakers like BMW, Mercedes-Benz, and Skoda Auto Volkswagen India welcome the deal, they caution customers against expecting immediate price cuts due to high levels of local manufacturing.​India and the European Union have concluded talks on a Free Trade Agreement, aiming to significantly reduce import duties on EU cars. While luxury carmakers like BMW, Mercedes-Benz, and Skoda Auto Volkswagen India welcome the deal, they caution customers against expecting immediate price cuts due to high levels of local manufacturing.