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These 6 luxury cars will get a lot cheaper

Last updated on: May 6, 2013 20:58 IST

Image: A model stands next to a new Aero Coupe car, made by luxury British automobile brand Morgan, after its launch at the China Luxury exhibition in Beijing.
Photographs: David Gray/Reuters BSM Team

Once customs duties are slashed, your dream to own a luxury car may become a reality.


In the next few years, you wouldn't have to shell out exorbitant amount of money to buy luxury cars in India. The Indian government is currently negotiating a free-trade agreement (FTA) with the European Union. Most of the big luxury auto badges come from Europe, including Ferrari, BMW, Mercedes-Benz, Volvo and Audi. Come 2017, when the auto sector will put into operation a lower levy regime, the customs duty would be lowered to 30 per cent from the current levels of 100 per cent and above.

Luxury car owners have been complaining about the heavy duty that is levied on imported vehicles. A car above Rs 22 lakh faces 100 per cent custom duty. That's not all, if one includes other cesses, surchages and duties like special additional and countervailing duties, the duties go up to a whopping 174 per cent.

So which cars would get cheaper and by how much, if and when, these custom duties are slashed?

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These 6 luxury cars will get a lot cheaper

Image: Chinese models perform at the unveiling of Audi twelve-cylinder A8.
Photographs: Wilson Chu /Reuters

AUDI A8 (diesel)

Current Price: Rs 89 lakh

Cut price: Rs 58 lakh

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These 6 luxury cars will get a lot cheaper

Image: Formula One driver Michael Schumacher of Germany poses next to a Mercedes SLK.
Photographs: Edgar Su /Reuters

MERCEDES SLK

Current price: Rs 73 lakh

Cut Price: Rs 48 lakh

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These 6 luxury cars will get a lot cheaper

Image: A model poses beside a Porsche 911 Carrera S Cabriolet.
Photographs: Chaiwat Subprasom/Reuters

PORSCHE 911 CARRERA

Current Price: Rs 1.08 crore

Cut Price: Rs 69 lakh

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These 6 luxury cars will get a lot cheaper

Image: Lamborghini Aventador.
Photographs: Valentin Flauraud/Reuters

LAMBORGHINI AVENTADOR

Current price: Rs 4.7 crore

Cut Price: Rs 3.1 crore

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These 6 luxury cars will get a lot cheaper

Image: Toyota Land Cruiser.
Photographs: Steve Crisp/Reuters

TOYOTA LAND CRUISER

Current Price: Rs 1.1 crore

Cut Price: Rs 75 lakh

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These 6 luxury cars will get a lot cheaper

Image: A Ferrari California is displayed.
Photographs: Arnd Wiegmann/Reuters

FERRARI CALIFORNIA

Current Price: Rs 2.2 crore

Cut Price: Rs 1.4 crore

Source: source