India-UK FTA effect: massive Range Rover price cuts of up to ₹40 lakhs

The India-UK free trade deal is set to trigger major price cuts on select imported Range Rover models in India, with the Range Rover Sport SV expected to get cheaper by about ₹40 lakh and some top-end Range Rover variants potentially seeing even bigger reductions. Reports say the tariff change will mainly benefit UK-built, fully imported Jaguar Land Rover models that currently attract 110 percent import duty, which is set to drop to 30 percent in the first year of implementation.