Tesla got approval for all the four models it had asked for in India. As per knowledge given by the Centre-controlled Vahan Sewa. Tesla India has obtained permissions for all four of its vehicle models. Homologation is a process that certifies a vehicle is suitable for driving after meeting all the defined criteria.
However, approval does not mean an instant launch. Tesla had asked to reduce import tax from the Indian government and finalise its launch plans. The company is expecting to have a lower price tag on its cars which is not possible due to the heavy import duties.
- Hindustan Copper Reports 9% Rise in MIC Output for FY26
- SAIL Shares Slip 0.91% as CMD Amarendu Prakash Steps Down
- Bosch Jumps 12% in Two Sessions on E-Mobility JV
- Latent View Analytics Shares Skyrocket 20% on Deal with Healtheon AI
- Ola Electric Shares Jump 9% on Roadster X+ Price Cut
Import duty on EVs in India is 100 per cent if cost insurance and freight value are more than $40,000. The Model Y and Model 3 of Tesla are priced at $38,700 to $41,200. Both models made up 90 per cent of Tesla’s volumes in 2020.
Live
