Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
India-EU trade deal slashes EV tariffs, boosts luxury EV sales, and mandates local production.
A proposed India-EU free trade agreement set for announcement on January 27, 2026, is expected to slash import duties on European luxury electric vehicles from 100% to 10–15%, potentially boosting sales in India’s premium EV market.
The deal includes phased localisation rules requiring 25% domestic content by year three and 50% by year five, protecting India’s manufacturing goals.
While budget EVs produced locally will remain unaffected, European brands like BMW, Mercedes-Benz, and Porsche may expand production in India, using the country as an export hub.
The agreement also introduces advanced standards on digital value addition, battery passports, and software-defined manufacturing, which could drive 15–25% growth in collaboration and strengthen supply chain resilience.
El acuerdo comercial entre la India y la UE reduce los aranceles de los vehículos eléctricos, aumenta las ventas de vehículos eléctricos de lujo y obliga a la producción local.