- Jaguar Land Rover has not yet finalised pricing decisions following the UK-India trade deal
- The UK-India Free Trade Agreement will reduce car import duties from over 100% to 10% under quotas
- JLR sees India as a key market with significant growth opportunities for its British-built vehicles
Jaguar Land Rover has not finalised any decision on pricing as of yet, the wholly owned subsidiary of Tata Motors Ltd. said in a statement on Thursday.
A spokesperson of the United Kingdom-based company shared its positive perspective on the deal and said they welcome the free trade agreement, "which over time will deliver reduced tariff access to the Indian car market for JLR's luxury vehicles".
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
"India is an important market for our British built products and represents significant future growth opportunities," the spokesperson added.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
This is in the backdrop of the Free Trade Deal agreement that was signed between the United Kingdom and India on Thursday. UK-manufactured cars, which currently face import duties of over 100%, will now see duties reduced to 10% under a quota system.
JLR reported on Monday a 15% decline in retail sales at 94,420 units in the first quarter of this financial year. This largely reflects the planned wind-down of legacy Jaguar models1 ahead of the launch of new Jaguar, and a pause in shipments to the US during April 2025 following the introduction of US import tariffs.
The retail sales, including the Chery Jaguar Land Rover China joint venture, fell 13% in comparison to the previous quarter, according to an exchange filing on Monday. The wholesale sales were recorded at 87,286 for the quarter ended June 2025, reflecting a 11% decline compared to the first quarter of the previous financial year. It was down 22% compared to the last quarter.
Prime Minister Narendra Modi took to X to express gratitude to his UK counterpart, Keir Starmer. In the same thread he also added that labour-intensive sectors such as textiles, leather, and auto parts are "poised for strong growth".
Labour-intensive sectors such as textiles, leather & footwear, marine, gems & jewellery, organic chemicals, plastics, auto parts, artisanal products and services are poised for strong growth. This will ensure further acceleration of India's journey towards becoming a global…
July 24, 2025Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
