India and European Union have closed a ‘landmark’ free trade deal, Prime Minister Modi says

[psycontr]

3 minutes ago, Ballisticmissile said:

Na, no EU car will sell for less than 25-30 k...ante 25-30 lakhs minimum ....Indians buy cars valued less than 15 lakhs and most percent less than 10 lakhs...

AA market and AA vehicles can't be produced in EU. They have to keep manufacturing in India and produce with Indian labour to sell at cheaper rates European brands...25 lakh paina cars ke tariffs reduced to 40 percent now and will eventually reduce to 10 percent....AA cars 1-3 percent ye....

25lakh car price lo tarrif price thesethe they come much cheaper. They become even cheaper once economy of scale kicks in.

Basically no advantage for India, its deal of life time for EU. As usual godi bended.

[yslokesh]

48 minutes ago, Ballisticmissile said:

Na, no EU car will sell for less than 25-30 k...ante 25-30 lakhs minimum ....Indians buy cars valued less than 15 lakhs and most percent less than 10 lakhs...

AA market and AA vehicles can't be produced in EU. They have to keep manufacturing in India and produce with Indian labour to sell at cheaper rates European brands...25 lakh paina cars ke tariffs reduced to 40 percent now and will eventually reduce to 10 percent....AA cars 1-3 percent ye....

You are partially right. In fact thats the idea. Modi Gov will not allow EU cars which are lesser in value than certain 25 Lakhs so TATA and Mahindra are safe, at least for now.

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but the big problem agead is: that brustling, aspiring & inspiring middle class has so much income -- they wont hesitate to spend 5-10 lakhs additionally when they want to buy a Audi or Benz or some crazy EU name ........ and get rid of Mahendra or TATA Indian logos.

Thats the Brand obsessed people - who are around at least 20% in my opinion.