Mercedes Chief Welcomes India-EU Trade Deal As Positive For Germany

Mercedes-Benz AG’s CEO Ola Källenius has voiced strong support for the India-EU Free Trade Agreement, highlighting its potential benefits for Germany as an export-driven economy. He noted that initiatives aimed at opening markets and enhancing trade relations are crucial for fostering growth and competitiveness in the global automotive industry.  

Key highlights 

• Mercedes CEO Ola Källenius welcomed the India-EU Free Trade Agreement.  
• He emphasized that opening markets and strengthening trade is positive for Germany.  
• The deal is seen as vital for German exporters, particularly in the automotive sector.  
• Källenius expressed satisfaction with the pace of progress in negotiations.  
• FTA expected to reduce tariffs, improve competitiveness, and expand market access.  
• India identified as a promising market for premium and electric vehicles.  

Industry experts believe the India-EU trade deal could provide significant opportunities for German automakers, including Mercedes-Benz, by lowering costs and boosting exports. The agreement is expected to strengthen bilateral economic ties while supporting India’s growing demand for advanced mobility solutions.  

Sources: Reuters, Economic Times, Business Standard