Group 1 - The long-awaited free trade agreement between India and the EU has been finalized after 18 years of negotiations, with significant implications for the automotive industry [1] - The agreement includes a substantial reduction in tariffs on EU exports, particularly for high-end fuel vehicles, where tariffs will decrease from 110% to 10%, with an annual quota of 250,000 vehicles [1] - The tariff adjustments are expected to benefit European luxury brands like BMW and Mercedes-Benz, which already have a presence in the Indian market, enhancing their price competitiveness [2] Group 2 - The agreement provides a 5-year protection period for pure electric vehicles, allowing time for Chinese brands to solidify their market position, as they primarily focus on mid-range and lower-end markets [2] - While the immediate impact of the agreement is limited to EU brands, there are concerns that Chinese brands may face pressure in the long term as European automakers increase their investments in electric vehicles after the initial protection period [2] - The process for implementing the tariff reductions will take time, requiring legal text confirmation and internal approvals from both the EU and India before coming into effect [2]
印度对欧盟汽车关税将从110%降到10%！这些品牌或受益