In India, the average showroom price of a Range Rover starts from Rs. 2 crore, but the actual cost is much higher. Registration, insurance, fuel consumption, servicing, taxes, and depreciation, on average, can add 40–50% of your ownership costs in just 3 years. You have to factor in those hidden costs before buying any model, Evoque, Velar, Sport, or Vogue.
Registration and Documentation Fees
Firstly, the registration and documentation costs are added to your purchase just after purchasing a Range Rover. These are inclusive of:
- RTO Registration Costs: Luxury SUVs carry a hefty charge from the state, so in cities like Mumbai and Delhi, expect to pay Rs. 2 to 3 lakh just for registration.
- Dealer Handling and Documentation Fees: Rs. 25,000 to 50,000 to process paperwork, insurance, and fast-track registrations.
- Temporary vs. Permanent Registration: A temporary registration (for 30 days) must be obtained just before you get your permanent plates.
Note: Always check state-wise registration slabs before you purchase, as there are significant variations in the charges.
Insurance Premiums
Insurance will protect your premium SUV. However, it does not come for free. Being informed about costs may avoid unnecessary surprises.
- Annual premiums are between Rs. 2 to 4 lakh, depending on the model, city, and IDV (Insured Declared Value).
- Zero-Depreciation Cover: Costs about 15-20% more but is highly recommended for higher value claims.
- Extended Warranty and Add-Ons: Rs. 1 to 2 lakh annually would provide coverage against engine problems, tyres, or damages caused by an accident.
- Gap Insurance: This is particularly important if you financed the SUV. This provides additional cover for the difference between the loan balance and the IDV, in case of total loss.
Maintenance and Service Expenses
With luxury comes maintenance shifts. Hence, frequent service and repairs, including unplanned ones, add up quickly to the Range Rover’s total pricing.
- Service: Rs. 15,000 to 25,000 per visit.
- Major Services (20,000 km/2 years): Rs. 50,000-1,00,000 +/- based on variant.
- Common Repairs:
- Air suspension issues: Rs. 2 to 5 lakh
- Transmission and electrical issues: Rs. 1 to 3 lakh
- Imported parts have large import duties.
Note: Prepare for the unknown. Range Rovers regularly have electrical glitches.
Fuel Expenses
Commonly, fuel consumption is not a part of the luxury vehicle budget. Range Rovers are very powerful but thirsty. An overview of the average fuel expense of a Range Rover is given below.
- Fuel Efficiency: 7 to 10 km/l
- In traffic: 6 to 7 km/l
- On the highway: 11 km/l
- Annual Fuel Expense: Rs. 3 to 5 lakh (Let’s assume you drive 10-15,000km a year).
- Premium Fuel: High-octane petrol is often required for optimum vehicle performance.
Taxes and Levies
While luxury vehicles in India come with more than just the GST, multiple tax levies can impact your budget. The following can be considered for the same.
- Road Tax: Rs. 5 to 8 lakh (upfront payment and lifetime tax, varies by state).
- Annual Renewals: Pollution Certificate, Green Tax for older models, etc.
- Import Duties (if it is CBU): Able to double the cost compared to a locally assembled version.
- Currency Volume: Additional pricing impact on spare parts and CBU.
Depreciation & Resale Value
Depreciation is the silent cost most buyers miss. Being knowledgeable about how the vehicle loses value provides a level of comfort in planning the resale or trade-in.
- Year 1 Depreciation: 20 to 25%
- 3 to 5 Years: 40 to 50% of your value is already gone
Factors Affecting Resale:
- Service history
- Popularity of the model
- Condition of electricals and drivetrain
Note: The Land Rover certified pre-owned program (CPO) can assist with hurdles related to resale.
Financing and Interest Costs
While loans and various financing options make purchasing a Range Rover easier, they increase the overall cost of ownership.
- Loan interest rates: 8 to 12%
- Down payment: 20 to 30% of the sale price as an upfront payment.
- Processing fees: Cost you an additional few lakhs.
- Alternative: Leasing (commonly used by corporates) or Balloon payment schemes
Additional Ownership Costs
Aside from the standard expenses, customization, parking, and security can be additional costs.
- Accessories and Customization: Rs. 50,000 to 1 lakh for official add-ons, paint protection film, and/or interior upgrades.
- Parking and Security:
- Covered metro parking: Rs. 5,000 to 15,000/month
- Home garage upgrades are recommended with GPS trackers
Three-Year Cost of Ownership
Here is a practical three-year overview of the costs associated with a Range Rover, including the extra hidden costs.
| Expense Head | 3-Year Cost (in Rupees) |
| Showroom Price | 2,00,00,000 |
| Registration and Fees | 5,00,000 |
| Insurance (3 years) | 9,00,000 |
| Maintenance and Repair Costs | 8,00,000 |
| Road Tax | 5,00,000 |
| Warranty (+other extras) | 2,00,000 |
| Accessories (+Security) | 2,00,000 |
| Depreciation | 60,00,000 |
| Fuel | 12,00,000 |
| Total | 3,03,00,000 |
Note: Actual cost per km(30,000 km in 3 years): > Rs. 100 per km
Money Saving Tips For Buyers
If you plan smartly, some of these costs can be cut without compromising your ownership experience.
- Buy extended service packages at the time of purchase from authorized dealers.
- When the warranty expires in a few years, switch to trusted independent luxury car workshops.
- Get insurance premiums from all aggregators before renewing.
- Make sure you follow preventive maintenance. These are much cheaper to pay for in the long term than for breakdowns.
To conclude, having a Range Rover in India costs a lot more than just the ex-showroom price. In three years, fuel, maintenance costs, taxes, and depreciation can increase costs by an additional 40-50 percent. So keep that in mind while budgeting to avoid the added stress of ownership.
