European Carmakers Warn Against “Restricted” India-EU Trade Deal New Delhi, 22 January 2026: As the India-European Union (EU) free trade agreement  nears completion, the European Automobile Manufacturers’ Association (ACEA)  has cautioned that the current negotiation path could lead to a “restricted” deal dominated by quotas, licences, and residual tariffs , limiting the benefits for automakers on both sides. ACEA, representing 17 major European carmakers including BMW, Merce