Luxury British Cars Set for Indian Market Boom After Trade Pact

The recent India-UK free trade agreement promises to make British luxury vehicles more accessible in India by slashing tariffs. Luxury brands such as Rolls-Royce and Bentley are expected to see a notable reduction in costs, making them more appealing to India's affluent buyers.

Set against the backdrop of the world's fastest-growing economy, British automotive companies are poised to captivate India's high-net-worth individuals, leveraging the new trade pact. Key politicians, including Prime Minister Narendra Modi and British Prime Minister Keir Starmer, signed the agreement, formally named the Comprehensive Economic and Trade Agreement (CETA).

This agreement will lower import tariffs from approximately 110% to 10% under certain quotas, setting the stage for increased sales of luxury British cars such as Aston Martin, Jaguar Land Rover, and more, which boast prices ranging from Rs 2 crore to over Rs 12 crore in the Indian market.

(With inputs from agencies.)