Range Rover SV price cut by Rs 75 lakh ahead of India-UK FTA rollout

While the India-UK FTA was signed last year, an official date for its rollout has not yet been announced. However, JLR India has already significantly reduced prices of the UK-imported top-spec SV variants of the Range Rover and Sport SUVs. The Range Rover SV now costs Rs 3.5 crore, ex-showroom, down by Rs 75 lakh (17.7 percent) from Rs 4.25 crore, while the Range Rover Sport SV Edition Two is priced at Rs 2.35 crore, a reduction of Rs 40 lakh (15 percent) from Rs 2.75 crore.

1. Prices of locally assembled models to remain unchanged
2. Defender, Discovery prices to stay the same too, as they are imported from Slovakia

One of our recent scoops estimated that the Range Rover SV's price could drop to around Rs 3.61 crore, which is close to the final figure announced today. As for the Range Rover Sport SV Edition Two, the Rs 2.35 crore figure mentioned in our report matches the final price exactly. The revised rates are effective immediately, and the Range Rover SV now also gets Ultra Metallic paints in Gloss and Satin finishes as standard.

Second major price revision after GST 2.0

This is the second major repricing of JLR India’s top-end Range Rover variants in under a year. In September 2025, the company cut prices by up to Rs 30.4 lakh across the Range Rover and Range Rover Sport variant line-ups following GST 2.0 reforms.

Both SV variants come with a 4.4-litre twin-turbo V8 petrol engine, producing peak outputs of 540hp and 635hp in the Range Rover and Range Rover Sport, respectively. Sources tell us that the company will also introduce a new standard SV variant for the Sport SUV, to be priced at Rs 2.05 crore.

Defender, Discovery prices unchanged

Prices of all locally assembled models, which are taxed lower than those fully imported, will remain unchanged. These include standard variants of the Range Rover and Range Rover Sport (whose local assembly began in May 2024), as well as the Evoque, Velar and Discovery Sport.

Prices of the Defender and Discovery will remain unchanged as well, as both are built in Slovakia and therefore do not qualify for the India-UK FTA. JLR is, however, evaluating local assembly of the Defender here.

India-UK FTA details explained

The India-UK Comprehensive Economic and Trade Agreement (CETA), signed on July 24, 2025, and expected to come into effect soon, will significantly reduce import duties on large-engined CBU cars from the UK. This applies to petrol models above 3,000cc and diesel models above 2,500cc. Under the agreement, import duty will drop from 110 percent to 30 percent in the first year and gradually fall to 10 percent by the fifth year.

The benefit, however, will be subject to an annual quota that starts at 20,000 vehicles in the first year. That quota will be shared across all eligible British luxury brands, making allocation just as important as pricing. Besides JLR, brands such as Bentley, Rolls-Royce, Aston Martin and McLaren also qualify for phased duty cuts.