What the European Union-India trade deal means for auto giants

Sajjad Hussain | Afp | Getty Images A landmark trade deal between the European Union and India has been lauded as a major breakthrough for Europe’s biggest carmakers, although analysts have flagged competition concerns in one of the world’s fastest growing markets. The EU and India on Tuesday signed what European Commission President Ursula von der Leyen and India Prime Minister Narendra Modi described as the “mother of all deals.” The long-pending agreement, which comes as both sides seek to strengthen ties amid U.S. tensions, includes slashing tariffs on imports of EU-made cars to 10% from as high as 110%…