Indian and European Union may sign a Free Trade Agreement (FTA) in April 2011 which may result in cut in import duties of Europeans cars imported as CBU to India. This may mean as high as 40% drop in the price of imported cars being imported from European car makers in India. This will be a two way agreement, wherein Indian cars will also get similar kind of duty cuts when exporting cars from Indian to Europe. We are keeping a keen eye on the situation and will bring you the updates as they happen. If this agreement is signed, it will mean a lot more affordable luxury cars and will push the cars sales up both in Indian as well as European markets.
