No Defender at Fortuner Prices: The Real Impact of India-EU FTA on Luxury Cars
India: Following the historic Free Trade Agreement (FTA) between India and the European Union, rumors have been circulating that luxury cars imported from Europe will become significantly cheaper in India. Social media enthusiasts suggested that models like the Land Rover Defender could now be available at prices similar to the Toyota Fortuner. However, the reality is very different.
Most Luxury Cars Are Already Assembled in IndiaThe majority of European luxury carmakers—Mercedes-Benz, Audi, BMW, Porsche, Rolls-Royce, Stellantis, Renault, Volkswagen—already assemble over 90% of their luxury models locally (CKD units). This means that the India-EU FTA will have little to no impact on these vehicles. Popular models like the Mercedes C-Class, BMW 3 Series, Audi A4, and certain Range Rover ...









