- India-UK FTA led to price cuts on select JLR models in India
- Range Rover SV price dropped from Rs 4.25 crore to Rs 3.50 crore
- Range Rover Sport SV price reduced from Rs 2.75 crore to Rs 2.35 crore
The India-UK FTA was a groundbreaking decision between the two countries, as it is intended to help businesses between the two nations. While other industries celebrated their share of benefits, the automotive industry and enthusiasts were sincerely looking forward to the price reduction announcement from JLR. Interestingly, it has finally happened. JLR has announced the new reduced prices of their models today. The price revision revolves around two models - Range Rover SV and Range Rover Sport SV.
Yes, the remaining models do not attract any benefit via the India-UK FTA.
Why? Well, the Defender and Discovery are manufactured in Slovakia, Europe and hence do not fall under the purview of the UK-India FTA. Therefore, these SUVs will maintain their current pricing structures.
New Range Rover SV Price:
As part of this announcement, the Range Rover SV has been repriced from Rs 4.25 Crore lakhs to Rs 3.50 Crore. The Range Rover SV value proposition is significantly elevated with the addition of SV Ultra Metallic paints in Gloss and Satin finishes, now offered as standard for the first time.
New Range Rover Sport SV Price:
Also, Range Rover Sport SV has been repriced from Rs 2.75 Crore to Rs 2.35 Crore, significantly strengthening its market positioning. The revised prices reflect the new duty structure enabled by the FTA and will be effective immediately. (* Starting price ex-showroom)
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Mr. Rajan Amba, Managing Director, JLR India, said: "In anticipation of the India-UK FTA being implemented, we are pleased to extend its benefits to our clients. The updated pricing of Range Rover SV and Range Rover Sport SV underscores our customer-first approach and commitment to building long-term relationships with our clients. We're confident that this FTA will allow more clients to experience the highly desirable and aspirational SV portfolio, and further strengthen the JLR India growth story."
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Prices of locally manufactured models, including Range Rover, Range Rover Sport, Range Rover Evoque, Range Rover Velar and Discovery Sport, will not be impacted by the UK-India FTA.