Renault’s Investment Strategy Boosted by India-EU Trade Deal
Impact of India-EU Trade Relations on Renault
By Aditi Shah and Gilles Guillaume
Tariff Reductions and Their Implications
CHENNAI/PARIS, Jan 27 (Reuters) – Closer trade ties between India and the European Union will reinforce French carmaker Renault’s decision to invest in both regions, chief growth officer Fabrice Cambolive said on Tuesday, hours before the two sides finalised a landmark free trade deal.
Renault’s Market Strategy in India
Under the deal, tariffs on cars imported from the EU will be slashed immediately to about 30-35% from as high as 110% and then reduced to 10% over time. While the immediate effect is still being assessed, it is expected to benefit European carmakers like Renault, Volkswagen, Mercedes-Benz and BMW…
