2 min read
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Many people in India who recently bought luxury cars are upset. This is because a new trade deal between India and Europe may cut import taxes on high-end cars. Right now, India charges very high duties, sometimes more than 100%. If the new agreement is signed, these taxes could fall to around 10% or even lower.
That change would make luxury cars much cheaper. In fact, some reports say the prices could be almost half of what they are today. For example, cars from brands like BMW, Mercedes, Audi, or Rolls-Royce could suddenly become much more affordable for new buyers.
This is good news for people planning to buy a luxury car in the future. But for those who already spent huge amounts, it feels unfair. They worry that the value of their cars will drop fast in the second-hand market. Online discussions show frustration, with many saying they feel like they paid “double” compared to what cars may cost soon.
Experts also warn that the cuts may not happen overnight. The tax reductions might come step by step and could have limits or quotas. Still, the news has already caused sadness among existing owners and excitement among future buyers.
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