India, April 17 -- Italian luxury carmaker Ferrari expects the proposed India-EU Free Trade Agreement (FTA) to significantly improve accessibility and accelerate demand in the Indian market, even as it maintains its global strategy of limited volumes and brand exclusivity.

Charles Antoine Geneste, Head of Southeast Asia and India at Ferrari, said the anticipated reduction in import duties could materially lower entry barriers for potential buyers while aligning with the company's long-term India strategy.

"The FTA is great news for us. We see it as an improvement of accessibility for our cars and a catalyst to accelerate the demand that we are already witnessing in India," Geneste told HT Auto.

Currently, completely built units (CBUs) ...