Ferrari dealerships across India have proactively begun accepting vehicle bookings at aggressively discounted prices, anticipating a massive tariff reduction from the upcoming India-European Union Free Trade Agreement (FTA). Set to reshape the luxury automotive landscape when it takes effect between late this year and 2027, the bilateral trade pact is expected to slash steep Completely Built Unit (CBU) import duties on European cars priced above €15,000 from the current 110% down to 35% initially, and eventually to just 10% in subsequent years. Seizing an early competitive advantage over luxury rivals, the Italian marquee is passing these estimated savings directly to buyers with price drops of up to 30% across its core lineup. Under this revised structure, the flagship Purosangue SUV is projected to see the most substantial price correction, plummeting by a staggering ₹3.15 crore to an estimated ₹7.35 crore, down from its original ₹10.5 crore tag. Concurrently, the upcoming 12Cilindri Spider and 12Cilindri Coupe are expected to witness sharp cuts of ₹2.75 crore and ₹2.55 crore respectively, while the newly introduced entry-level Amalfi grand-tourer will drop to an estimated ₹3.91 crore. For the time being, these significant discounts are restricted exclusively to Ferrari’s pure petrol-powered models, as the initial text of the FTA lacks absolute regulatory clarity on duty structures for plug-in hybrid powertrains, thereby leaving popular hybrid models like the 296 GTB and 849 Testarossa temporarily excluded from the promotional scheme. Delivery timelines for all promotional orders are strictly tethered to the formal implementation and final legal execution of the FTA guidelines, sparking a notable surge in pre-bookings among Indian multi-millionaires eager to lock in historically low prices for iconic Maranello performance.
