XTRA:MBGAuto
What Mercedes-Benz Group (XTRA:MBG)'s India Tariff Opening Means For Shareholders
India’s recent move to cut import tariffs on select European Union cars to 40%, with plans for further phased reductions under a proposed free trade pact, could materially ease market access for manufacturers such as Mercedes-Benz.
Because European brands currently account for less than 4% of India’s passenger car market, lower tariffs may meaningfully alter competitive positioning and product mix decisions for Mercedes-Benz as it reassesses the opportunity in one of the world’s largest auto...