India-UK FTA slashes British luxury car duties 110% to 30%, cutting prices by Rs 1-3 crore
The India-UK CETA effective July 15 cuts customs duty on imported British luxury cars from 110% to 30%, trimming prices 20-25%. JLR has already cut Range Rover prices, with luxury import sales expected to double under a 10,000-vehicle annual quota. Duty falls to 10% over 15 years.
India-UK CETA effective July 15 cuts customs duty on imported British luxury cars from 110% to 30%, slashing prices Rs 1-3 crore. JLR already cut Range Rover prices; luxury import sales expected to double, with a 10,000-vehicle annual quota.