The India–European Union Free Trade Agreement (FTA) is expected to bring a historic shift in India’s ultra-luxury and supercar market. Import duties on European vehicles, which currently reach up to 110%, may gradually reduce to 10–20% over time. Since all Ferrari models sold in India are fully imported (CBU), Ferrari stands to gain more than almost any other brand. Lower tariffs on engines, electronics, carbon-fibre parts, and safety systems will significantly reduce landed costs, making Ferrari cars far more attainable for Indian buyers. Below is a model-wise breakdown of how Ferrari prices could change after the FTA.
Ferrari Roma Price After India–EU FTA
The Ferrari Roma is the brand’s most elegant grand tourer, combining luxury, performance, and daily usability. It is currently priced at around ₹3.76 crore in India. After the FTA, the estimated price could fall to ₹2.20–2.50 crore. The Roma is fully imported and faces massive customs duty, which forms a large portion of its current price. With reduced tariffs, Ferrari could significantly lower its cost, making the Roma a more attractive entry point into the Ferrari lineup for Indian buyers seeking a refined yet powerful supercar.
Ferrari Portofino Price After India–EU FTA
The Ferrari Portofino is a convertible grand tourer known for its V8 performance and open-top driving experience. It is currently priced at around ₹3.50 crore in India. After the FTA, its estimated price could drop to ₹2.10–2.40 crore. As a completely built import, the Portofino attracts extremely high duties. Lower tariffs would reduce its landed cost significantly, allowing more aspirational supercar buyers to consider Ferrari ownership. A price drop of over ₹1 crore could boost demand for luxury convertibles in India.
Ferrari 296 GTB Price After India–EU FTA
The Ferrari 296 GTB is a next-generation hybrid supercar with a V6 turbo engine and electric motor. It is currently priced at around ₹5.40 crore in India. After the FTA, the estimated price could fall to ₹3.30–3.80 crore. High import taxes on advanced hybrid technology, battery systems, and performance components inflate its cost. Reduced tariffs would make the 296 GTB far more competitive in India’s growing hybrid supercar segment, attracting buyers who want cutting-edge performance with improved efficiency.
Ferrari SF90 Stradale Price After India–EU FTA
The Ferrari SF90 Stradale is the brand’s flagship plug-in hybrid supercar and represents the peak of Ferrari engineering. It is currently priced at around ₹7.50 crore in India. After the FTA, the estimated price could drop to ₹4.80–5.50 crore. The SF90 is fully imported and faces one of the highest duty burdens. Lower tariffs on its hybrid powertrain, battery systems, and carbon-fibre components would dramatically reduce its cost, making this extreme performance machine more attainable for ultra-high-net-worth buyers in India.
Ferrari Purosangue Price After India–EU FTA
The Ferrari Purosangue is Ferrari’s first luxury performance SUV and is currently priced at around ₹10.50 crore in India. After the FTA, the estimated price could fall to ₹6.50–7.50 crore. Being a fully imported V12 SUV, it attracts enormous import taxes. With reduced duties, Ferrari could significantly cut its price, making the Purosangue more competitive against ultra-luxury SUVs from Lamborghini, Bentley, and Rolls-Royce. A lower price would drive strong demand in India’s elite luxury SUV segment.
Ferrari F8 Tributo Price After India–EU FTA
The Ferrari F8 Tributo is a mid-engine V8 supercar celebrated for its performance and design. It is currently priced at around ₹4.02 crore in India. After the FTA, its estimated price could fall to ₹2.50–2.90 crore. The F8 is fully imported and faces high customs duties. Reduced tariffs would lower its landed cost significantly, making the F8 a more accessible option for buyers upgrading from luxury sports cars to full-fledged supercars.
Conclusion
The India–EU FTA could be a game changer for Ferrari in India, cutting prices by ₹1–4 crore per model. From grand tourers to hybrid hypercars and luxury SUVs, Ferrari vehicles could soon become far more attainable, reshaping the ultra-luxury car market in the country.
