Ferrrari India price cut up to Rs. 3.15 Crore

Ferrari India is likely to reduce the prices of the models by up to Rs. 3.15 crore with the India-EU FTA coming into effect. According to reports, dealerships have started accepting orders at 30% lower prices.

Vehicles manufactured in Europe are set to benefit from the trade deal, as India will reduce the import duty on cars from 110% to 35% in the first year, which will be further reduced to just 10%.

Ferrari currently offers the Amalfi, 296 GTB, 296 GTS, 12Cilindri Coupe, 849 Testarossa, 12Cilindri Spider, and Purosangue in India. Although the prices of hybrid models remain unchanged, the remaining models see a price drop of 30%.

The price of Amalfi has been reduced by Rs. 1.68 crore to Rs. 3.91 crore. The 12Cilindri costs Rs. 5.95 crore & Rs. 6.40 crore for the coupe and spider, that is Rs. 2.55 crore and Rs. 2.75 crore less than the current ex-showroom price. The price of Purosangue dropped by Rs. 3.15 crore from Rs. 10.50 crore to Rs. 7.35 Crore.