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    <title>European automakers hail &#039;landmark&#039; India-EU FTA but price cut unlikely in foreseeable future</title>
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    <description>The India-EU Free Trade Agreement establishes a phased tariff-reduction regime for cars and auto components whose practical effects hinge on the detailed implementation roadmap and qualification criteria; automakers welcome the pact for fostering investment, supply-chain integration and innovation but state that any impact on vehicle pricing is indeterminate until the agreement&#039;s fineprint and timelines are available, noting the predominance of locally manufactured &#039;Made in India&#039; volumes limits near-term price effects.</description>
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