Jaguar Land Rover eyes boost from UK trade deals with India, US
Representative image
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.
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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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The Print
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And I can speak from experience, because we've been there for 25 years now, and there were times when, at a stretch of about three to four months, we would have a single guest in the hotel. But we didn't stop, and we continued,' she said. Now, what has happened in Pahalgam is 'so unfortunate', but people will go back. 'Jammu and Kashmir is taking it very seriously, led by the chief minister himself, and, more importantly, the Centre, the prime minister, the home minister, all of them are making an effort… sending out a very positive message that, yes, what has happened is awful, it's terrible, and we grieve those lives that have gone, but it will come back. Tourism will come back to Kashmir,' the CMD of the luxury hospitality group said. Set up in 1980, WTTC says its mission is to maximise the inclusive and sustainable growth potential of the travel and tourism sector through global partnerships. Established over 20 years ago, the World Travel and Tourism Council, India Initiative (WTTCII) works in conjunction with WTTC. An MoU between WTTC and WTTCII was also signed on the occasion. Suri, also vice chairperson of WTTCII, said, 'I am very sure Kashmir will come back with a big bounce once again'. She recalled the terror attack and its aftermath that impacted the rest of the country as well, saying it was not just Kashmir, but Chandigarh as well, where blackouts happened later, owing to its proximity to Amritsar, also affected. 'Again, in Mumbai and Goa, because of proximity to Karachi, there was an impact (on the sector),' Suri said, pointing to hotel booking cancellations by many tourists. PTI KND RHL This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
