India-UK FTA effect: Top End Range Rover Sport to Become ₹40 lakh Cheaper?

The historic India-UK Free Trade Agreement (FTA) came into existence in July last year. The FTA is now set to take effect in the next couple of weeks, around mid-April. Once implemented, prices of several commodities, including cars, imported from the United Kingdom into India will become significantly more affordable.

Under the FTA, tariffs on fully imported automobiles (petrol above 3000 cc and diesel above 2500 cc) and auto components from the United Kingdom will be reduced from the current 110 percent to 10 percent over a five-year period. In the first year itself, duties are expected to fall to 30 percent. 

This phased reduction could lower the prices of fully imported British cars in India by up to 25 percent. However, this figure is likely an upper limit, and the actual price reduction may be lower. The annual quota for this provision has been capped at 20,000 units for the first year under the Comprehensive Economic and Trade Agreement (CETA).

JLR Price Update Soon

The critical question, though, is what will be a correct estimate. Sources within Jaguar Land Rover (JLR), a leading British luxury carmaker in India, have shared key insights with Acko Drive. We have come to know that post implementation of the FTA, prices of the top-spec Range Rover Sport SV Edition will drop by around ₹40 lakh, which means the sticker price will come down from ₹2.75 crore to ₹2.35 crore (ex-showroom). This translates into a price drop of 14.54 percent. 

Hence, it is safe to presume that prices of all models from JLR will come down approximately by 15 percent. This means the Range Rover HSE 3.0 Diesel which is currently priced at ₹2.31 crore will be priced under ₹2.00 crore after revision. Similarly, the Defender 110 X Dynamic HSE Petrol 2.0L which is priced at ₹1.03 crore will cost around ₹88 lakh (all ex-showroom). However, these are only estimates. JLR will announce the official prices after the update once the FTA gets implemented.

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Speaking on this, a spokesperson for JLR India said,“We are assessing the implications of the India-UK FTA on our Range Rover SV and Range Rover Sport SV models. While we anticipate adjustments to our pricing strategy, we will announce specific details and revised prices closer to the implementation date.”

If  and when implemented, this would mark the second major price revision for JLR models in India within a year. In September 2025, the company had already reduced prices by up to ₹30.4 lakh across the Range Rover and Range Rover Sport lineups following the GST 2.0 reforms.