JLR India has announced price reductions of up to Rs 75 lakh on its UK imported Range Rover SV and Range Rover Sport SV variants, effective immediately. The automaker says the move is in anticipation of the India UK Free Trade Agreement, with the goal of making its SV portfolio more attainable and boosting demand in the Indian market.
The India UK free trade agreement is set to eliminate or slash tariffs on a range of goods and services, opening doors for Indian exporters and potentially reducing costs for buyers in India. Labour-intensive sectors like textiles, marine products, leather, footwear, and pharmaceuticals are expected to benefit most, while imported items may see price relief through lower trade barriers.
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