The India-EU Free Trade Agreement has been officially signed, creating one of the largest integrated trade zones globally with a combined $27 trillion market. As reported by The Economic Times, this landmark deal covers goods, services, investments, intellectual property, mobility, and emerging areas like clean tech and digital trade, making it one of the most comprehensive FTAs India has ever signed. The agreement covers up to 90% of tariff lines with reductions or elimination, enhanced support for MSMEs through simplified customs processes, and stronger rules on IPR, standards, and certification to help exporters. The India-EU economic corridor touches almost every major sector—manufacturing, services, automobiles, pharma, textiles, IT, green technology, e-commerce, and more—representing a turning point for India's global trade position. The Agreement is set to come into force in 2027, with several formal steps remaining before implementation, including EU Council approval and European Parliament ratification.
The India-EU Free Trade Agreement is set to bring historic price reductions for Ferrari vehicles in India, with all models currently priced between ₹3.50-7.50 crore expected to see significant cuts. According to latest reports, Ferrari Roma could drop from ₹3.76 crore to ₹2.20-2.50 crore, while the Ferrari Portofino might fall from ₹3.50 crore to ₹2.10-2.40 crore. The Ferrari F8 Tributo, currently at ₹4.02 crore, could reduce to ₹2.50-2.90 crore, and the Ferrari SF90 Stradale, priced at ₹7.50 crore, could drop to ₹4.80-5.50 crore. The Ferrari Purosangue, currently around ₹10.50 crore, could see the biggest reduction to ₹6.50-7.50 crore. Since all Ferrari models sold in India are fully imported (CBU), Ferrari stands to gain more than almost any other brand from the reduced tariffs on engines, electronics, carbon-fibre parts, and safety systems.
The India-EU Free Trade Agreement is set to significantly transform India's luxury automotive market through substantial tariff reductions. Under the pact, India plans to sharply cut import duties on EU-built cars from the current 110% to 10% within an annual quota of 250,000 vehicles. For EU-built cars priced above €15,000 (₹16.40 lakh), tariffs are expected to ease in stages, starting at around 30-35% when the pact takes effect, likely by the end of 2026, and further falling to 10% over the next five years. However, as reported by The Economic Times, automobiles remain protected with no large-scale tariff relaxation, maintaining India's strategic safeguards in employment-heavy industries. The tariff reduction timeline spans 5-10 years for complete implementation across all vehicle categories.
The India-EU FTA provides zero or near-zero duties for Indian exports across multiple sectors, with engineering goods benefiting from tariff elimination on products currently attracting up to 44% duties. Chemicals and plastics exports will see tariff reductions from 22% to zero, while textiles, leather, and footwear exporters gain access to the EU's 8-17% tariff range. Marine products are positioned to significantly improve India's shrimp, frozen fish, and value-added seafood exports to the EU's major global seafood market. Medical devices and instruments will benefit from tariff reductions in EU markets, while chemicals, plastics, and rubber exports receive preferential access. Iron & steel, automobiles, spacecraft, and aircraft tariffs will be eliminated over a 10-year period, with pharmaceutical products seeing reduced duties and financial services gaining clearer rules and reduced discrimination.
As reported by Mint, Landmark Cars holds a 0.5% volume share and 0.8% value share in the overall passenger vehicle market, positioning itself as India's leading premium automotive retail platform and the country's first publicly listed, multi-brand automobile retailer. The company operates 139 outlets comprising 75 sales showrooms and 64 workshops across 29 cities in 12 states as of November 2025. Among its EU brand exposure, Mercedes-Benz alone accounted for 39% of Landmark's top line in H1 FY26, with the company's average selling price at ₹23.16 lakh. Beyond Mercedes, Landmark also partners with Honda, Jeep, BYD, Kia, M&M, and MG Motor, serving as the largest retail partner for Mercedes, Volkswagen, BYD, Honda, and Jeep.
According to Mint reports, Landmark's reported revenue from new vehicle sales increased 40.9% year-on-year to ₹956.8 crore in Q2FY26, accounting for 79% of top line. The company's after-sales revenue grew 10.9% to ₹254 crore in Q2FY26, with after-sales margins at 16.1% compared to 1.4% for new vehicle sales. At a consolidated level, revenue grew 33.5% year-on-year to ₹1,211 crore in Q2FY26, while EBITDA grew 8% to ₹59.2 crore with margins moderating to 4.9% from 6.0% in Q2FY25. The company generated net cash from operating activities of ₹177 crore in H1FY26 and maintains inventory discipline with inventory days of 38, well below the industry average of 60 days.
