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.

• GK Energy Rallies on Rs 235.92 Crore Solar Pump Order
• Cupid Hits Fresh 52-Week High on Rs 128 Crore Block Deal
• Ather Energy Slips Despite $200 Million Fundraise Buzz
• Shyam Metalics Slips Even as Q1 Volumes Surge
• Unihealth Hospitals Shares Hit 5% Upper Circuit on Plans to Raise Stake 

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.