business / news / / CNBC TV18
Car buyers may have to wait three to four months for deliveries, up from around 1.5 months currently, if disruptions from the West Asia war persist.
BMW Group India warns car delivery wait times could extend to three or four months if disruptions persist.
KEY POINTS
- Duties on imported premium European cars may drop from 66%-110% to 30%-35% under the India-EU FTA.
- Around 95% of BMW vehicles sold in India are already localised and not heavily affected by tariff changes.
- The proposed FTA includes quota and safeguards to prevent indirect Chinese participation via European supply chains.
COMPANIES
Summarized by Newsio from CNBC TV18. How we summarize →