India is still undecided on reducing import duties for Tesla, leaving companies in the country concerned about its entry. However, India has been working on a new policy that would facilitate Tesla’s market entry by potentially reducing the 100 percent EV tax to as low as 15 percent. This would make electric vehicles built by Tesla more affordable for customers in India. The company is expected to bring its vehicles to the country at a price range of $24,000 to $36,000, targeting the market where higher volumes can be achieved. Tata Motors, among other companies, has urged the government to lower import duties. Tesla’s prospective entry into the Indian market has progressed over the years, with initial challenges on import duties being resolved. Tesla CEO Elon Musk expressed confidence in the company’s presence in India and the potential for a significant investment and relationship in the future. Currently, only 82,000 out of 4 million cars sold in India last year were electric, and Tesla’s entry is expected to significantly increase this number. Any comments, concerns, or questions can be directed to [email protected] or via Twitter @KlenderJoey. News tips can be emailed to [email protected].
Concerns over Tesla’s impact on India’s automakers prompt hesitance in reducing import duties, say industry officials
