‘A day of celebration': What the blockbuster EU-India trade deal means for auto giants [CNBC]
RENAULT SA UNSP/ADR (RNLSY)
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Source: CNBC
It represents the biggest opening yet of India's vast car market to European original equipment manufacturers. “The Indian auto market is heavily dominated by domestic players, which will be difficult to disrupt, but this gives European auto manufacturers a fighting chance,” Michael Field, chief equity strategist at Morningstar, told CNBC. In this article India's Prime Minister Narendra Modi (C) poses for a photograph with European Commission President Ursula von der Leyen (R) and European Council President Antonio Costa before their meeting at the Hyderabad House in New Delhi on January 27, 2026. Sajjad Hussain | Afp | Getty Images A landmark trade deal between the European Union and India has been lauded as a major breakthrough for Europe's biggest carmakers, although analysts have flagged competition concerns in one of the world's fastest growing markets. The EU and India on Tuesday signed what European Commission President Ursula von der Leyen and India Prime Minister
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