A topic that generated more questions than answers was the proposed India–EU Free Trade Agreement (FTA) and its potential effect on the cost of imported luxury cars. For car buyers in India, the most-discussed aspect is the potential reduction of steep import duties on European luxury cars. But while the agreement promises long-term benefits for the industry, its immediate impact on sticker prices remains uncertain. “You can’t simply reduce import duty from 110% to 40% on paper and expect prices to fall by half,” he said. Many luxury brands already use CKD assembly in India, which means that the scope for dramatic price correction is limited.