Aston Martin, Rolls Royce, Bentley cut prices in India

Aston Martin, Rolls Royce, Bentley cut prices in India

Rolls Royce, Aston Martin, Range Rover, Bentley and Ferrari have all cut their prices in India—and we have Brexit to thank for all of it! Supercars from Britain have passed on the benefits of the dive in the Pound Sterling post the exit of Britain from the European Union, cutting prices by over Rs 20 lakh. 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. Sales of cars costing Rs 2 crore and more in India topped 200 units in 2016, a record, and about half of those were British-made.