European carmakers applaud EU-India trade deal

Renault, Skoda, Stellantis seen as beneficiaries but China remains key to German industry

20260127 skoda

The new Skoda Superb on display at India’s five-day auto show in New Delhi early last year.  © Reuters

JENS KASTNER and KIRAN SHARMA

HAMBURG, Germany/NEW DELHI — The ambitious trade deal concluded between the EU and India on Tuesday will not only ease distribution for European carmakers but also pave the way for greater manufacturing investment into the world’s third largest auto market, analysts told Nikkei Asia.