UK FTA Impact ... JLR Car Prices May Drop by Up to ₹75 Lakhs in India

The Free Trade Agreement (FTA) between India and the United Kingdom is expected to significantly impact the automobile sector. Industry sources suggest that prices of vehicles from Jaguar Land Rover (JLR) could see a major reduction. Under the agreement, import duties are set to drop from 110% to around 30%. JLR is planning to pass on this benefit to customers. Reports indicate that dealers will be informed about the revised pricing after the 20th of this month.

Depending on the model, prices may decrease by 13% to 15%, translating to a reduction of approximately ₹40 lakh to ₹75 lakh. The top-end Range Rover SV 4.4, currently priced at ₹4.25 crore, may see a price cut of ₹63–75 lakh. Similarly, the Range Rover Sport SV could become cheaper by around ₹40 lakh. The company is also expected to introduce a new variant of the Range Rover Sport SV, likely priced at around ₹2.05 crore.

However, not all models will benefit from this price reduction. Vehicles like the Land Rover Defender, which are fully manufactured in Slovakia, may not see immediate price changes. Models produced in India will also remain unaffected, as the duty benefits apply only to fully imported vehicles with high-capacity engines. Additionally, the depreciation of the Indian Rupee by around 13% against the British Pound in the previous financial year may offset some of the benefits.