India-EU trade deal on cars: From Ferrari to Rolls-Royce, which cars could get cheaper, when and by how much?

India-EU trade deal cars list: European luxury cars are set to become more affordable in India following a new Free Trade Agreement. Import duties on EU-made cars will be phased down to 10% by 2030, with an initial sharp cut to 40% in 2026. This liberalization, applicable to cars above $15,000, promises significant price reductions for premium and performance models.