At Business Today TV's 'What's Hot', spotlights a high-impact week led by the India-EU FTA signing - called the 'mother of all deals' by Commerce Minister Piyush Goyal. The EU, accounting for 17% of India's exports and $136 billion in bilateral goods trade, could add $3-5 billion to shipments. Key beneficiaries include textiles, electronics, petroleum, pharma, gems & jewellery, and IT services via tariff cuts. Luxury cars (BMW, Mercedes, Audi, Volvo) may see duties fall from 110% to 40% initially, eventually 10%. Full benefits await ratification and details over 6-12 months. The show also analyzes Q3 earnings from Axis, Kotak, IndusInd banks, Ultratech, JSW Steel, Urban Company, and Adani Group's Embraer aircraft manufacturing MOU boosting group stocks.
According to a report, the Indian government has agreed to immediately reduce the tax on a limited number of cars from the 27-nation bloc, specifically those with an import price above 15,000 euros ($17,739)
Government plans to lower import taxes on up to 200,000 vehicles annually, excluding electric cars for five years.
Mercedes-Benz India continues to lag its German rival BMW in battery electric vehicle (BEV) sales owing to its focus on top-end cars.
German luxury carmaker BMW Gorup India clocked its highest-ever car sales of 18,001 units, registering a growth of 14% year-over-year. BMW Group India President and CEO Hardeep Singh Brar talks about the company’s outlook for 2026, electric vehicle market share, competition with Elon Musk’s Tesla, becoming India’s top luxury carmaker in Q3 and price hike plans owing to weak rupee.
BMW is weighing a price hike of 2-3% due to rupee depreciation, says BMW Group India President & CEO Hardeep Singh Brar
German luxury carmaker BMW Gorup India clocked its highest-ever car sales of 18,001 units, registering a growth of 14% year-over-year. BMW Group India President and CEO Hardeep Singh Brar talks about the company’s outlook for 2026, electric vehicle market share, competition with Elon Musk’s Tesla, becoming India’s top luxury carmaker in Q3 and price hike plans owing to weak rupee.
The 83% rise in hybrid sales come on the back of just eight models compared to over 40 EV models in the country
From a ₹12 crore Bugatti to a ₹9.6 crore Rolls-Royce, Shah Rukh Khan’s car collection defines luxury and legacy. Every machine in Mannat mirrors the charisma of Bollywood’s king.
The nation’s anti-corruption watchdog, the Lokpal, is facing massive backlash after it floated a tender to purchase seven BMW 330 Li luxury sedans worth nearly ₹5 crore for its top officials. The October 16 tender, closing on November 7, also includes BMW-led training sessions for drivers and staff. Critics, including Congress leader Sandeep Dikshit, have slammed the move as a “wasteful extravagance,” questioning if this is the best use of taxpayer money. With Justice A.M. Khanwilkar at the helm, the controversy has sparked debate over whether India’s anti-corruption body is losing moral credibility—not through inaction, but through indulgence.
Lokpal has floated a tender to procure seven BMW 3 Series 330Li M Sport cars, collectively worth around Rs 5 crore





