Brief by Shorts91 Newsdesk / 12:34pm on 27 Jan 2026,Tuesday India Global
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)
