Ferrari Dealers Begin Taking Bookings at 30% Lower Prices Ahead of India-EU FTA

Ferrari dealerships across India have reportedly started accepting orders at prices estimated to be nearly 30 percent lower than current levels, anticipating the proposed India-European Union free trade agreement (FTA).

These reduced-price bookings are currently being offered only on Ferrari’s pure-petrol models.

According to the proposed FTA terms, import duties on European-built cars priced above 15,000 euros (around Rs 16.82 lakh) are expected to come down from the present 110 percent to nearly 35 percent in the first year, before eventually reducing to 10 percent in the following years.

Customers who receive delivery of their Ferrari before the India-EU FTA comes into effect will continue to pay prevailing prices. However, since Ferrari deliveries in India generally take more than six months, dealers are already accepting bookings factoring in the anticipated duty reductions, even though the trade agreement is expected to be implemented only in 2027.

Ferrari currently sells six models in India — the 296 GTB, 296 GTS, 12Cilindri Coupe, 12Cilindri Spider, 849 Testarossa and the Purosangue. The Amalfi is expected to join the Indian line-up later this year, although bookings for the grand tourer have already opened at an indicated price of Rs 5.59 crore.

Since there is still no clarity on whether hybrid vehicles will qualify for lower tariffs under the India-EU FTA, only Ferrari’s pure-petrol models — the Purosangue, 12Cilindri Coupe, 12Cilindri Spider and Amalfi — are currently being offered at discounted estimated prices, pegged at around 30 percent below existing ex-showroom levels.

Price Reductions for Ferrari Purosangue, 12Cilindri, Amalfi orders in India

Ferrari Purosangue

Under these estimates, the Purosangue’s ex-showroom price in India could reduce from Rs 10.5 crore to nearly Rs 7.35 crore, translating into a drop of approximately Rs 3.15 crore.

Likewise, the 12Cilindri Spider’s price is expected to decline from Rs 9.15 crore to around Rs 6.4 crore, while the 12Cilindri Coupe could become cheaper from Rs 8.5 crore to nearly Rs 5.95 crore. The Amalfi’s estimated price is also expected to reduce to roughly Rs 3.91 crore.

Ferrari Amalfi

These prices remain indicative for now, as final pricing will depend on the eventual structure of the India-EU FTA as well as fluctuations in the euro-rupee exchange rate. Buyers placing orders for pure-petrol Ferraris are expected to receive deliveries only after greater clarity emerges on the agreement’s final terms.

Ferrari may also stand to benefit more from the proposed tariff reductions than rival Lamborghini, which no longer sells pure-petrol models.

It is also understood that the India-EU FTA will not permit reductions in import duties on EVs during the first five years. As a result, Ferrari’s upcoming electric model, the Luce, would continue to attract the full import duty burden if launched in India within that period.

(All prices are ex-showroom, India)

(With inputs from Mugdha Mishra)