Thanks to Brexit! Rolls-Royce, Aston Martin have cut prices in India by Rs 20L to more than Rs 1cr

Sufi Post   Date: April 22, 2017   In: cars   0 Comment  

MUMBAI | NEW DELHI: Thanks to Brexit, supercars made in the UK have just become lighter on the pocket. Rolls-Royce, Bentley, Aston Martin, Range Rover and Ferrari have cut prices in India by Rs 20 lakh to more than Rs 1 crore, passing on the benefits from the pound sterling’s dive post Britain’s decision last year to exit the European Union. 

The pound has dropped about 20% against the rupee in less than a year, making exports to India cheaper for UK-based manufactures and companies that bill India sales in the British currency, such as Italy’s Ferrari. They cut prices by 5% to 15%, hoping to attract more buyers for their marquees in a country that is home to the third most number of billionaires.