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European Union to Allow 2.5 Lakh Indian Cars at Concessional Duty Under FTA, Quota to Reach 4 Lakh in 10 Years

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Summary

The India-EU FTA will provide concessional duty access for up to 2.5 lakh Indian passenger vehicles annually, with the quota set to rise to 4 lakh vehicles over 10 years.

Key Facts

TypeAnalysis

SourceIndia Brand Equity Foundation

PublishedMonday, 14 September 2026

Affected Population63 million MSMEs, export-import community

Key Numbers

Merchandise exports: $437 billion (2024-25)

FDI inflow: $71 billion (2024-25)

PLI scheme: Rs 1.97 lakh crore across 14 sectors

Key Authorities

Key Stakeholders

Government Context

NDA IIIBJP-led NDA

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Trade & Commerce139 tracked→

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