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European Union launches WTO case against India

THE European Union (EU) today (2) has moved the World Trade Organisation (WTO) against India’s import duties on information and communication technology (ICT) products. 

The EU is challenging the introduction of import duties imposed by India on a wide range of ICT products, such as mobile phones and components, base stations, integrated circuits, and optical instruments. 


India has been applying duties ranging from 7.5 per cent to 20 per cent despite its earlier legally binding commitment in the WTO not to charge any duties on these products, the EU said in a statement.  

EU commissioner for trade Cecilia Malmstrom said: "…India must abide by its own commitment to allow duty free trade in ICT products. Technological innovation keeps our companies competitive in the global market and supports hundreds of thousands of high value jobs across Europe..."

These import duties are therefore in clear breach by India of WTO rules. The levies affect EU exports worth £515 million a year, the EU added. 

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Tarun Garg becomes first Indian to lead Hyundai India

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Tarun Garg becomes first Indian to lead Hyundai India

Highlights

  • Tarun Garg officially assumes charge as Hyundai Motor India's MD and CEO from January 1, marking historic leadership milestone.
  • First Indian national to head the company since its inception 29 years ago, succeeding outgoing chief Unsoo Kim.
  • Leadership transition reflects Hyundai Motor Group's confidence in India's growth story and strategic importance in global automotive landscape.

Hyundai Motor India Ltd announced on Thursday that Tarun Garg has officially assumed charge as its managing director and chief executive officer from January 1, 2026, marking a historic milestone for the automaker.

This is the first time an Indian national is heading Hyundai Motor India Ltd, the Indian arm of South Korean auto major Hyundai Motor Company, since its inception 29 years ago. Garg succeeds Unsoo Kim, who is returning to a strategic role at Hyundai Motor Company in South Korea.

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