Jaguar Land Rover to benefit as China cuts duty on imported cars to 10%

China’s finance ministry on Tuesday said the levy on imported cars in the country will be reduced from the current 25 per cent to 10 per cent from 1 July, Bloomberg reported. Among global luxury carmakers, Tata Motors-owned Jaguar Land Rover Automotive will be a beneficiary of the proposed duty cut. 

Like its German rivals BMW and Mercedes, JLR counts China as one of its most important markets both in terms of volume, as well as, profitability. As per analyst’s estimates, the region accounts for 26 per cent approximately at the Ebitda (earnings before interest, tax, depreciation and amortisation) level in