"European auto manufacturers see India as profitable business, FTA to create more jobs": Piyush Goyal
Jan 30, 2026
Speaking on the impact of the India-EU tariffs on the Indian automobile sector, the minister said, "The Indian auto industry is doing exceptionally well. We haven't opened up the market for cars that sell for up to 25-30 lakh rupees. We have protected the auto industry completely." "If we allow luxury cars to enter the market here, and they see even a small market share, then they will eventually be manufactured here as well," the minister said.