Maserati launches updated EVs in India at 'pre-FTA' prices from Rs 1.90 crore

Italian luxury carmaker Maserati launched updated versions of its Grecale SUV and its GranTurismo coupe and GranCabrio convertible in India on Friday, 30 October 2026, including all-electric Folgore versions of each. The range starts at Rs 1.14 crore for the petrol Grecale, while the electric Grecale Folgore is priced at Rs 1.90 crore and the electric GranCabrio Folgore at Rs 3.30 crore, ex-showroom. The company described the prices as "pre-FTA", a reference to the India-European Union free trade agreement, which is expected to cut import duties on European cars in stages.

Luxury electric cars are a small part of India's car market, but launches like this show how global carmakers are positioning for two changes at once: the slow growth of electric cars at the top end, and the coming cuts in import duty on European cars.

The "pre-FTA" label is the interesting part for buyers. India and the European Union finalised a free trade agreement on 27 January 2026. According to explainers of the deal, it will bring import duties on qualifying European cars, now as high as 110%, down to as low as 10% in stages, within an annual quota, and only for cars above a price threshold. Maserati sells only fully imported cars in India, so it is likely to gain more than brands that assemble cars locally, which already pay much lower duties on parts.

There is a catch for the electric models. According to the same explainers, electric vehicles are excluded from the agreement's duty cuts for the first five years. That means the petrol GranTurismo, GranCabrio and Grecale could become cheaper as duty cuts take effect, while their electric Folgore versions may not see the same benefit in the near term. Maserati has not announced any future price changes, and no prediction is made here.

WLTP, the Worldwide Harmonised Light Vehicles Test Procedure, is a lab test used to compare range and fuel use across cars. Real-world range is usually lower, depending on driving style, speed, temperature and use of air conditioning.

Short-term: Buyers of luxury European cars may weigh whether to buy now or wait for duty cuts on petrol models, while electric models keep their current duty structure for now.

Long-term: As the India-EU agreement's duty cuts phase in, imported European luxury cars could become more competitive against locally assembled rivals, and brands like Maserati may expand their line-ups in India.

Who is affected: Luxury car buyers in India; Maserati and rival European brands; dealers; and India's domestic electric vehicle makers, which face less import competition while EVs are excluded.

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