Ferrari Eyes Growth in India as India-EU FTA May Reduce Import Duties on Luxury Cars

Italian luxury sports carmaker Ferrari expects demand for its vehicles in India to increase further, with the proposed India-European Union Free Trade Agreement (FTA) expected to reduce import duties on eligible cars. The agreement is expected to take effect in 2027, and prospective buyers are already showing interest ahead of its implementation. The anticipated duty reductions could make eligible imported vehicles more accessible to Indian customers, although the final impact will depend on the agreement’s terms.

Paragraph 2: Ferrari plans to open two new dealerships in Ahmedabad and Chennai by the end of 2026, expanding its presence beyond Delhi, Mumbai and Bengaluru. The company is also looking to increase vehicle supplies to India as demand continues to grow. These expansion plans reflect Ferrari’s efforts to strengthen its dealership network and cater to a wider customer base in the country’s luxury automobile market.