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India-EU Deal to Bring Land Rover Defender Price Below Rs 60 lakh? Myth Busted
['Harsh Kashyap']
Car Blog India
Also, this lower import duty will be applicable for 250,000 cars annually.
With 110% import duty and 40% GST, we get Rs 1.03 Crore.
However, once the import taxes go down to 40%, this amount will reduce to Rs 68.6 lakh.
Finally, with 10% import duty, the Defender 110 will have an ex-showroom price of just Rs 53.9 lakh.
For now, the Defender under ₹60 lakh remains a mathematical possibility, not an imminent showroom reality.