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Business Standard

Tesla's India entry to make e-cars aspirational, but only for a few

Prices likely to start at Rs 55-60 lakh; Tesla to import the vehicles initially, attracting high duties and falling outside FAME scheme

Topics
Tesla | Electric Vehicles | electric cars

Shally Seth Mohile  |  Mumbai 

The Centre proposes to provide the firms land to set up factory along with power, water, and road access, according to draft of the document prepared by the Department for Promotion of Industry & Internal Trade, and Invest India
According to him, the EV focus for some of the OEMs (original equipment manufacturers) who have already built presence and traction in India is a better indicator of momentum in this space

Tesla’s proposed entry into the Indian market next year is set to generate lot of excitement around electric vehicles (EVs) and make them aspirational. However, with prices likely to start from Rs 55-60 lakh, it will be affordable to only a handful. To begin with, Tesla will take an imported route for its initial innings and therefore attract high duties. It will also not be eligible for the FAME scheme.

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First Published: Tue, December 29 2020. 20:10 IST

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