Mini Cooper S: Mini India has announced a price protection scheme for its 3-door Cooper S model. Through this scheme, if the ex-showroom price of the car decreases within the next 180 days, the price difference will be refunded to the customers who buy it now. Thus, customers can buy the car with confidence without the hesitation of “Will I lose money if I buy it now?” This scheme is considered an important decision made in the interest of the customer.
No more fear of price reduction when buying Mini Cooper S
It is noteworthy that the price protection scheme announced by Mini India is offered for a limited period. This scheme helps customers get rid of the fear that the price may decrease after purchasing the car. In particular, the Mini 3-door Cooper S model is currently manufactured at the Oxford manufacturing center in England and is imported to India in a completely built unit (CBU) format. Its current ex-showroom price is Rs 44.9 lakh, which is the pan-India price.
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Special customer benefit scheme
Mini’s price protection scheme is specifically limited to the 3-door Cooper S model. Similarly, the scheme is not applicable to the electric Countryman model, which is manufactured at BMW’s Leipzig plant in Germany. The scheme is designed to encourage customers to buy with confidence. Mini describes it as a ‘customer-friendly decision’ so that customers do not have to regret the price cut later.
Historic trade agreement between India and the UK
After long-standing negotiations, a landmark Free Trade Agreement (FTA) was recently signed between India and the UK. This is seen as a major step towards further strengthening the economies of the two countries. With this agreement, the annual trade volume between the two countries is estimated to increase to £25.5 billion by 2040. Already, goods and services worth £42.6 billion have been exchanged in 2024 alone.
Revival of bilateral trade through tariff concessions
The key feature of the free trade agreement between India and the UK is the decision to remove customs duties on 99% of goods coming to India from the UK. As a result, India expects to see a significant increase in exports in sectors such as apparel, seafood, leather goods and auto parts. In parallel, India has also agreed to a deal to reduce customs duties on 90% of UK goods. The trade agreement is currently awaiting some further approvals, but it is seen as an important step forward in bilateral trade relations.
British cars may soon become cheaper
Based on the free trade agreement signed between India and the UK, the prices of British cars are likely to come down in India soon. In particular, the prices of popular brands such as Mini, MG, Aston Martin, Jaguar Land Rover and McLaren are expected to come down. Due to tariff concessions and trade freedom, these cars have the potential to become even stronger competitors in the Indian market.
