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India-Uk Free Trade Agreement: India-UK Free Trade Agreement will reduce the prices of luxury cars. Jaguar, Land Rover, Rolls-Royce, Bentley, Aston Martin and McLaren will benefit. Triumph bikes will also be cheaper.
Highlights
- The Indo-UK Free Trade Agreement will make luxury cars cheaper.
- The prices of Jaguar, Land Rover, Rolls-Royce, Bentley will decrease.
- The prices of Triumph bikes will also be lower.
Luxury car buyers ban booking
During this time many luxury car buyers have banned booking. Dealerships are disappointed because it is still not clear when and how these new low fees will apply. There are almost all major luxury brands available in the Indian automobile market, including Jaguar and Land Rover, McLaren, Bentley and Rolls-Royce owned by Tata Motors. Famous sports car manufacturer McLaren made his debut in India in 2022 and introduced his entire portfolio. Imagine buying McLaren 750s worth Rs 5.91 crore for less than Rs 3 crore.
Under the new FTA, many Indian car lovers can now stop dreaming and the plan to buy ultra-lolutions SUVs like Bentley Bentayga and Rolls-Royce Culinan is now more realistic, with the current price of Rs 6 crore and Rs 12 crore respectively, which is about Rs 3 crore and Rs 6 crore respectively. FTA will also introduce a quota system that will be confined that tax cuts will be limited to some vehicles, and it will be different for petrol-diesel electric vehicles.
Triumph bikes will also be cheap
Triumph Motorcycles have been in India for a long time, and its premium range is made in the UK. Due to being imported as CBU (fully built units), the iconic motorcycles like Rockt 3 Storm and Adv, Tiger 1200 are priced at Rs 22.49 lakh and Rs 19.39 lakh respectively. There is good news for motorcycle lovers, as FTA will also reduce these high prices.