With prospects of luxury European cars becoming cheaper, Gupta, who drives an Audi A6, is considering buying another high-end vehicle. Now, Brussels has edged out Washington in getting New Delhi to drop its hard stance on auto tariffs, securing a lucrative deal for European auto majors. So, the total addressable market for European car companies will still be limited. But industry leaders and trade bodies in India have welcomed the trade deal, as it still protects the majority of sales volumes. India will lower tariffs on imported European cars and the two sides will create a framework allowing for mobility of talent.