European carmakers will gain from the India-EU trade deal signed Tuesday, slashing import tariffs from 110% to 40%, eventually dropping to 10%. However, they face stiff competition in India's 4.4-million-vehicle annual market, where they hold under 3% share. Suzuki Motor, Hyundai, Mahindra, and Tata dominate two-thirds of the market with affordable compact cars like the Maruti Suzuki Wagon R. Analysts note European brands like Volkswagen have struggled with pricing, while premium brands like Porsche could benefit most from reduced tariffs. India's car market, the world's third-largest, is projected to reach 6 million vehicles yearly by 2030, offering substantial growth potential despite challenges from established competitors. (PC: Reuters) 

European Council President António Costa displayed his Overseas Citizen of India (OCI) card during the India-EU Free Trade Agreement signing in New Delhi on Tuesday. Costa, born in Lisbon to a Portuguese-French mother and Goan-heritage father, expressed pride in his roots, stating "I'm very proud of my roots in Goa, where my father's family came from." His grandfather hailed from Margao, Goa, part of Portuguese India until 1961. Known affectionately as "Babush" in Goan circles, Costa maintains strong ties to his heritage, having visited his ancestral house on Abade Faria Road in 2017. The former Portuguese Prime Minister called the Europe-India connection "something personal to me."

European Commission President Ursula von der Leyen said India and the European Union have delivered the “mother of all deals” after signing the Free Trade Agreement on Tuesday. Speaking in the presence of Prime Minister Narendra Modi, she said the pact creates a market of nearly two billion people. Von der Leyen said India and the EU chose partnership in a “win-win” manner. European Council President Antonio Costa also called for deeper cooperation with India. The agreement concludes years of negotiations and expands trade access on both sides. Leaders said the pact will strengthen economic ties, supply chains, and long-term cooperation between India and the 27-member EU bloc. (PC: X)

Prime Minister Narendra Modi said India has formally signed a free trade agreement with the European Union, calling it the “mother of all trade deals.” Speaking at the India Energy Week, Modi said the pact will create wide opportunities for people in India and the EU. He said the agreement covers nearly “25% of global GDP and one-third of global trade.” Modi added the deal reflects shared values of “democracy and rule of law.” He said sectors such as textiles, gems, leather, manufacturing, and services will benefit. The agreement will also strengthen India’s existing trade pacts with the UK and Asia-Pacific nations. (PC: The Hindu)

Prime Minister Narendra Modi said India and the European Union can bring “stability to a global order in turmoil” as both sides move closer to a major free trade agreement. Speaking on January 27, Modi called the talks a “historic day” for the partnership. At a joint press conference with European Commission President Ursula von der Leyen and European Council President Antonio Costa, he said the pact is “not just a trade agreement.” Modi described it as a “blueprint for shared prosperity.” The proposed deal will include all 27 EU member states. Formal signing will take place after legal scrubbing is completed. (PC: India Today)

India and the European Union are set to announce a major free trade agreement at a summit in New Delhi on Tuesday. Prime Minister Narendra Modi will host European Commission President Ursula von der Leyen and European Council President Antonio Costa. Officials said the pact will cover trade, defence, security, climate action and worker mobility. The agreement is expected to strengthen bilateral ties and support manufacturing and services. A defence and security partnership and a framework on labour mobility are also likely outcomes. Negotiations for the trade deal began in 2007 and were revived in 2022. The EU is India’s largest trading partner in goods, with trade worth about $136 billion in 2024-25. (PC: NDTV)

Prime Minister Narendra Modi met European Council President Antonio Costa and European Commission President Ursula von der Leyen at Hyderabad House on Tuesday during the 16th India-EU summit. The meeting comes as India and the European Union prepare to announce a long-awaited free trade agreement after nearly 20 years of negotiations. The leaders also discussed cooperation in security, clean energy and global supply chains. The EU leaders earlier paid homage to Mahatma Gandhi at Rajghat. Officials said the pact aims to deepen economic ties and strengthen the strategic partnership. The agreement will still require approval and ratification processes before it takes effect. (PC: X)

Border 2 continued its strong run at the box office on its fourth day, boosted by Republic Day collections. The Sunny Deol-led film earned ₹59 crore in India on Monday, taking its total domestic collection to about ₹180 crore, according to trade estimates. The film opened with ₹30 crore on Friday, followed by ₹36.5 crore on Saturday. Collections rose sharply on Sunday, helping the film cross the ₹100 crore mark within three days. Trade trackers said Monday was the film’s highest single-day earning so far. Border 2 stars Sunny Deol, Diljit Dosanjh, Varun Dhawan and Ahan Shetty, and is directed by Anurag Singh. (PC: NDTV)

India and the European Union have concluded negotiations on a comprehensive free trade agreement after nearly two decades of talks. The pact is set to be announced at a high-level summit in New Delhi today. Prime Minister Narendra Modi will meet European Commission President Ursula von der Leyen and European Council President Antonio Costa. Commerce Secretary Rajesh Agrawal said talks have been successfully completed and legal review of the text is under way. The agreement covers trade in goods, services and investment. It is expected to reduce tariffs, boost exports and strengthen strategic ties. The deal will need approval in India and ratification by the European Parliament before it comes into force. (PC: X)

US Treasury Secretary Scott Bessent criticised the EU–India trade deal and linked it to Russian oil sales. He said Europe is indirectly funding the Ukraine war. “The Russian oil goes into India, the refined products come out, and the Europeans buy them,” Bessent said. “They are financing the war against themselves.”   His comments came as India and the European Union finalised talks on a free trade agreement, now under legal review. The US has imposed tariffs of up to 50% on Indian goods over Russian oil imports.   European Commission President Ursula von der Leyen earlier called the pact the “mother of all deals,” saying it would deepen economic ties between India and Europe. (PC: Reuters)