MUMBAI: The India-UK free trade agreement will benefit Jaguar Land Rover 's future cars, as customers will be able to access them much faster, driving its performance in India, said the company's top executive.
"The current cars already in India, the Range Rover franchise-Range Rover, Range Rover Sport, Evoque, and the Velar-are being manufactured in India on a CKD (completely knocked down) basis, so they won't be impacted by this FTA that is coming in," said director PB Balaji. "This will benefit future cars, meaning customers will be able to access these global cars at global prices much faster."
Under the FTA, a fully-built car imported from the UK will be levied a 10% duty as against the existing 100%. JLR sold 6,183 vehicles in India in FY25.
Regarding the US-UK trade deal , Balaji said, "The situation is much better than what we were facing before. We await the fine print in terms of timings, whether it's applicable retrospectively or not. We also need a few clarifications in terms of what is due to parts and accessories."
The trade deal reduces tariffs on UK-built vehicles exported to the US to 10% from 27.5%, within a quota of one lakh vehicles. Any export beyond this quota will face the 27.5% tariff. The US accounts for a quarter of JLR's sales. It recently restarted shipments to the US after pausing them following the US's 27.5% tariffs on foreign-built vehicles that came into effect on April 3.
"Whatever was shipped to the US will not have any impact if it is going to be a retrospective effect, as we will continue shipping from here on. We will have to wait to quantify the impact of the change in tariffs," Balaji said. The US tariff impacted Defender, one of JLR's most sold models in the US, as it is manufactured in Nitra, Slovakia. "We remain optimistic that there will be a deal done between the EU and US as well, just like what happened between the UK and US," Balaji said.
"The current cars already in India, the Range Rover franchise-Range Rover, Range Rover Sport, Evoque, and the Velar-are being manufactured in India on a CKD (completely knocked down) basis, so they won't be impacted by this FTA that is coming in," said director PB Balaji. "This will benefit future cars, meaning customers will be able to access these global cars at global prices much faster."
Under the FTA, a fully-built car imported from the UK will be levied a 10% duty as against the existing 100%. JLR sold 6,183 vehicles in India in FY25.
Regarding the US-UK trade deal , Balaji said, "The situation is much better than what we were facing before. We await the fine print in terms of timings, whether it's applicable retrospectively or not. We also need a few clarifications in terms of what is due to parts and accessories."
The trade deal reduces tariffs on UK-built vehicles exported to the US to 10% from 27.5%, within a quota of one lakh vehicles. Any export beyond this quota will face the 27.5% tariff. The US accounts for a quarter of JLR's sales. It recently restarted shipments to the US after pausing them following the US's 27.5% tariffs on foreign-built vehicles that came into effect on April 3.
"Whatever was shipped to the US will not have any impact if it is going to be a retrospective effect, as we will continue shipping from here on. We will have to wait to quantify the impact of the change in tariffs," Balaji said. The US tariff impacted Defender, one of JLR's most sold models in the US, as it is manufactured in Nitra, Slovakia. "We remain optimistic that there will be a deal done between the EU and US as well, just like what happened between the UK and US," Balaji said.
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