While the India-UK FTA was signed last year, an official date for its rollout has not yet been announced. However, in anticipation of its implementation, JLR India has repriced the UK-imported top-spec SV variants of the Range Rover and Sport SUVs, dropping prices significantly. The Range Rover SV now costs Rs 3.5 crore, down by Rs 75 lakh (or 17.7 percent) from Rs 4.25 crore, while the Range Rover Sport SV Edition Two is priced at Rs 2.35 crore, Rs 40 lakh (or 15 percent) less than its previous Rs 2.75 crore price tag.
- Prices of locally assembled models to see no change
- Defender, Discovery prices to remain unchanged as they are imported from Slovakia
The revised prices are effective immediately, and along with the significantly reduced prices, the Range Rover SV now gets Ultra Metallic paints in Gloss and Satin finishes as standard. Prices of locally assembled models such as the Range Rover, Range Rover Sport, Range Rover Evoque, Range Rover Velar and Discovery Sport will not change. Defender and Discovery prices will also remain unchanged, as they are produced in Slovakia and don’t fall under the India-UK FTA.
New prices close to our previous estimate
We had earlier estimated the Range Rover SV’s price could drop to around Rs 3.61 crore (assuming 15 percent reduction), which is close to the final figure announced now. In the case of the Range Rover Sport SV Edition Two, our earlier estimate of Rs 2.35 crore matches the final price exactly.
