From July 15, the India-UK Free Trade Agreement will slash import duties on British luxury cars from 110% to 30%, allowing up to 20,000 vehicles in the first year and reducing prices by ₹1-3 crore for models like Rolls-Royce, Aston Martin, and Range Rover. JLR is poised for 7-10% sales growth while German luxury brands face potential market share erosion in India’s booming ultra-luxury segment.
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