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India and the European Union are edging closer to sealing a long-awaited free trade agreement, with negotiators narrowing differences on some of the most sensitive issues, particularly market access for automobiles. Speaking to CNBC-TV18, EU Trade Commissioner Maros Sefcovic signalled that the final phase of talks is focused on balancing India’s concerns about protecting a fast-growing domestic car industry with Europe’s push for greater access for its manufacturers. He described the proposed agreement as a "mega deal" and potentially the EU’s largest trade pact by market size, spanning close to two billion consumers. Both sides are working towards announcing the conclusion of negotiations during the upcoming India–EU summit in New Delhi on January 27, even as technical details continue to be ironed out. #europeanunion #eudelegationinindia #indiaeufta #freetradeagreement #indiaeutradetalks #securitypartnership #defencepartnership #ursulavonderleyen #antoniocosta #indiaeusummit #cnbctv18 #cnbctv18market #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday 🔴CNBC TV18 LIVE TV: https://youtube.com/live/P857H4ej-MQ SUBSCRIBE to our Channel: https://bit.ly/3nvEcxf --------------------------------------------------------------------------------------------------------------------- 👑 Check Out Top CNBC TV18 Playlist Videos: 🔹 • Young Turks Reloaded with Shereen Bhan 🔹 • CNBC TV18 Prime | Global Lens 🔹 • World News 2025 | Latest International News 🔹 • CNBC-TV18 Classics 🔹 • OVERDRIVE || CNBC TV18 🔹 • Startup Street ------------------------------------------------------------------------------------ You can also connect with CNBC-TV18 News Online Catch the latest news: https://bit.ly/2YbpXBM Follow CNBC-TV18 round the clock: https://www.cnbctv18.com/live-tv/ Stay updated with all the market action in real time: https://www.cnbctv18.com/market-live/ You can also stay updated with all the latest news on-the-go with CNBC-TV18 Minis: https://www.cnbctv18.com/minis/ Like us on Facebook: / cnbctv18india Follow us on Twitter: / cnbctv18news Follow us on Instagram: / cnbctv18india Catch us on: Linkedin: / cnbc-tv18 n18oc_business About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here.