By Admin 
The Free Trade Agreement (FTA) has been signed between India and the United Kingdom (UK) and it will get a direct benefit to the Indian buyers who are dreaming of buying an imported luxury car and bike. Till now, up to 100% import duty on imported vehicles in India was done, which caused their prices double.
Rolls worth 12 crores will be available in 6 crores now
- Under FTA, a new quota system will now be implemented, in which only 10% import tax will be levied on vehicles made in UK in fixed number. This will make the vehicles quite cheap. For example, Rolls Royce Cullinan, which is now about 12 crores, can now be found for about 6 crores. At the same time, Bentley Bentayga, which is currently priced at Rs 6 crore, can now be found around Rs 3 crore.
Made-in-UK brands will get direct benefit
- FTA will directly benefit from the brands that are manufactured in the UK and which are already present in India. Many vehicles of companies like Jaguar and Land Rover are assembled in India, but high-end models are imported from UK. McLaren, who entered the Indian market in 2022, can now get McLaren 750s worth 5.91 crores for about 3 crore. Let us know that expenses like GST, registration and insurance will still be separate in these prices.
Imported bikes will also be cheap
- Now not only cars, but bike lovers will also get a big benefit from this trade agreement. Price of premium motorcycles coming from UK such as Triumph Rockt 3 Storm and Triumph Tiger 1200 can be less than Rs 22.49 lakh and Rs 19.39 lakh. Along with this, Indian companies like Royal Enfield, TVS and Norton will be able to increase their exports in the UK, which will further strengthen the global impact of India’s automobile industry.
- Even though customers are very excited by this FTA, it is not yet clear when and how the duty cut will be applied. For this reason, many customers have temporarily put their booking on hold. Dealers are worried that if there is a delay in implementation of duty cut, sales may be affected.
Also read: How much down payment will the country’s number-1 electric car be available? It is important to know this before purchasing