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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

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
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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

Shally Seth Mohile Mumbai
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.

At an Indian Express event on Monday, Union Minister for Road Transport and Highways and the Minister of Micro, Small and Medium Enterprises, Nitin Gadkari said the US clean energy

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First Published: Dec 29 2020 | 8:10 PM IST

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