Tag: India automotive exports
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India–EU free trade agreement 2026: tariffs, CBAM, sourcing impact
The India–EU Free Trade Agreement (2026) reshapes sourcing strategy for global procurement leaders. With 99.5% tariff elimination, €4B annual duty savings, phased automotive tariff reductions, CBAM compliance obligations, and €500M in climate funding support, the agreement materially alters cost modelling, supplier selection, and long-term India sourcing decisions.
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Shifting gears: global OEMs turning to India for automotive components
With automotive component exports crossing USD 22.9 billion, India is strengthening its position as a reliable sourcing hub for OEMs seeking cost stability, localisation depth, and system-level manufacturing capability.