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BMW Group India President and CEO Hardeep Singh Brar called for a faster implementation of the India-EU FTA.
BMW India CEO revealed imported car duties will drop from 110% to 40% in the FTA's first year.
KEY POINTS
- Brar confirmed the FTA's expected implementation year is 2027, affecting consumer purchase timing.
- The India-EU FTA will introduce a unique automotive import quota, beginning at 100,000 units across price slabs.
- Brar emphasized no other industry under the FTA will have a similar quota mechanism as automotive.
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