The India-EU FTA is set to slash import duties on CBU vehicles from around 100-110% to eventually as low as 10%.
Ferrari has begun accepting bookings at the anticipated lower prices, though reduced rates will only apply to customers who take delivery once the FTA officially comes into force.
The India-EU Free Trade Agreement has been years in the making, and as it edges closer to implementation, luxury carmakers are already beginning to act.
Ferrari has started accepting bookings for its petrol-powered cars at noticeably lower prices, banking on the duty reductions the agreement promises to deliver. The FTA is expected to become operational either later in 2026 or in 2027.
How the India-EU FTA Will Reshape the Import Duty Structure for Luxury Cars
Under the present tax regime, completely built-up units attract an import duty of roughly 100 to 110 per cent, inclusive of basic customs duty and other applicable levies.
Once the FTA is in place, that figure is set to fall sharply to around 30 to 40 per cent in the initial phase, applicable on vehicles priced above €15,000 (approximately Rs 16.83 lakh).
In subsequent years, the duty is expected to come down further to just 10 per cent, making imported luxury cars considerably more accessible to Indian buyers.
Why Only Petrol-Powered Ferraris Qualify for Reduced Prices at This Stage
Ferrari's revised pricing is, for the moment, limited strictly to its pure petrol models. The reason is fairly simple. The FTA provides clear guidance on import duties for petrol-engined cars, but that same clarity does not yet extend to hybrid vehicles.
As a result, models featuring hybrid powertrains, including the 296 GTB, 296 GTS, and 849 Testarossa, remain outside this new pricing arrangement for now.
Electric vehicles are also excluded from the reduced duty structure during the first five years, a measure widely interpreted as a safeguard for India's domestic EV manufacturers.
Ferrari does not currently sell a battery electric vehicle in India, though its first BEV, the Luce, is progressing steadily and expected to be revealed later this year.
The New Estimated Prices and What Buyers Actually Stand to Save
The potential savings on offer are, quite frankly, substantial. The Ferrari Purosangue, currently priced at Rs 10.50 crore (ex-showroom), could drop to approximately Rs 7.35 crore after the FTA comes into effect, representing a saving of Rs 3.15 crore.
The 12Cilindri Spider, presently at Rs 9.15 crore, may come down to Rs 6.40 crore, a reduction of Rs 2.75 crore. Its coupe sibling could fall from Rs 8.50 crore to Rs 5.95 crore, saving buyers Rs 2.55 crore.
Bookings are also open for the upcoming Amalfi, estimated at Rs 5.59 crore before the FTA and around Rs 3.91 crore after it, translating to a saving of Rs 1.68 crore. All prices are ex-showroom.
A Key Condition Buyers Must Know Before Placing a Booking
There is one important caveat attached to all of this. Customers who book now but take delivery before the India-EU FTA is officially ratified and implemented will be charged at the current, higher rate of import duty.
The reduced pricing applies solely to deliveries that occur after the new duty framework is legally in force. Ferrari has structured its bookings in this manner to avoid potential legal complications, ensuring pricing adjustments are made only once the agreement is firmly in place on both sides.
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