No price reduction; India-EU FTA to drive tech innovation in auto sector: Mercedes-Benz India chief Santosh Iyer

The India-EU Free Trade Agreement will boost technology in India's car industry. Mercedes-Benz India's MD Santosh Iyer stated this. He also mentioned that car prices will not decrease soon. Most Mercedes-Benz cars are made in India. The agreement opens borders for trade and jobs. It will help India's economy grow.