India–UK FTA cuts luxury car duty from 110% to 30%; JLR, Rolls-Royce, McLaren prices fall
The India–UK FTA, live July 15, slashes import duty on UK-made cars from 110% to 30% (dropping to 10% by year 5, within a 20,000-unit annual quota). CBU imports of Range Rover, Rolls-Royce, McLaren and Aston Martin get cheaper, with cuts up to ₹3.32 crore. JLR has already lowered prices.
India–UK FTA (live July 15) cuts import duty on UK cars from 110% to 30%, lowering prices on JLR Range Rover, Rolls-Royce, McLaren and Aston Martin CBUs sold in India; JLR already slashed prices.
Why this matters
The FTA duty cut arrives as JLR reported Q1 retail sales down 15.3% on supply crunch and Middle East unrest; cheaper CBU imports could revive India demand.
Retail-brand signals are accelerating, up 304100% QoQ.