India–EU FTA unlikely to cut luxury car prices, auto parts emerge big winners

Luxury car price drops in India are unlikely post-EU FTA, despite halved import duties, due to a weakening rupee and planned price hikes by manufacturers. While import duties on CKD cars will also be reduced, currency fluctuations are expected to offset these gains. The pact excludes EVs initially and mass-market cars below ₹25 lakh.

from Auto-Industry-Economic Times https://ift.tt/vzMAkVx