The India–European Union Free Trade Agreement (FTA) is expected to bring a major shift to the Indian luxury car market. Import duties on European vehicles and components, which currently go up to 110%, may gradually reduce to 10–20% over the next few years. This change could significantly lower the prices of premium European brands, including Jaguar.
Jaguar models sold in India rely heavily on imported engines, electronic systems, safety modules, and powertrain components sourced from Europe. With lower tariffs under the FTA, Jaguar could reduce production costs and pass on the benefits to customers. Models such as the XE, XF, F-Type, and I-Pace stand to gain the most from the new trade deal.
Below is a model-wise breakdown of Jaguar cars and their expected post-FTA price impact.
Jaguar XE Price After India–EU FTA
The Jaguar XE, Jaguar’s entry-level luxury sedan, is currently priced at around ₹46–48 lakh in India. While locally assembled, it still depends on imported engines, infotainment modules, and electronic systems. With duty reductions on these components, the XE’s estimated post-FTA price could fall to ₹35–38 lakh.
The XE is known for its sporty handling, refined interior, and lightweight aluminium platform. A lower price could make it a strong alternative to the BMW 3 Series, Audi A4, and Mercedes C-Class.
Jaguar XF Price After India–EU FTA
The Jaguar XF, positioned above the XE, is currently priced at ₹71–75 lakh. With a high percentage of imported components, the FTA could reduce its price to ₹52–58 lakh.
The XF offers premium interiors, advanced driver assistance systems, and powerful engines. With reduced pricing, it could attract executives looking for a luxury sedan with British styling.
Jaguar F-Type Price After India–EU FTA
The iconic Jaguar F-Type sports car is currently priced at around ₹1.10–1.40 crore in India. As a fully imported model, it faces heavy import duties. Under the FTA, its estimated price could drop to ₹75–95 lakh.
The F-Type is known for its aggressive design and powerful engines, making it one of the most desirable sports cars in its segment. A price cut would make it far more attainable for performance enthusiasts.
Jaguar I-Pace Price After India–EU FTA
The Jaguar I-Pace, the brand’s all-electric luxury SUV, is currently priced at ₹1.20–1.25 crore. With lower duties on imported EV components, its price could drop to ₹85–95 lakh.
The I-Pace offers instant torque, advanced battery technology, and a futuristic cabin. A lower price would help Jaguar compete more strongly against electric rivals like the BMW iX and Mercedes EQE SUV.
Impact of India–EU FTA on Jaguar in India
The India–EU FTA could significantly improve Jaguar’s competitiveness in India. Lower import costs would allow the brand to offer better pricing, expand its customer base, and potentially introduce new models.
