India, Jan. 27 -- After years of discussions, India and the European Union have finally agreed on a free trade deal, and this one has caught the attention of car buyers and auto industry watchers. The reason is simple. Europe builds many of the cars Indians want, while India remains one of the toughest markets in the world for imports due to high duties. The India-EU FTA aims to ease trade between both sides by cutting tariffs and simplifying regulations. For the auto sector, this could slowly change how European cars enter India. It may not rewrite prices overnight, but it does open the door to a market that has remained tightly shut for decades.

Import Duties Will Reduce At present, importing a fully built car into India attracts dutie...