XTRA:BMWAuto
Will India’s Planned Tariff Cuts on EU Luxury Cars Change Bayerische Motoren Werke's (XTRA:BMW) Narrative
In recent days, India has agreed in principle to cut tariffs on select European Union car imports to 40%, down from very high current rates, with further reductions over time, widening access for manufacturers including BMW, Volkswagen and Mercedes-Benz, while delaying similar relief for battery electric vehicles.
This prospective tariff shift highlights India’s role as a crucial, previously underpenetrated premium auto market for BMW, potentially reshaping its global sales mix and...