The Minister of Road Transport and Highways, Nitin Gadkari, has stated the confirmation of Tesla’s approach to India in a public report and so for that, the puffery advertising is much more around than any other times. For many years, the Indian market has been waiting for the coming of Tesla and the confirmation of it this time has increased the talk of the brand much more.
The launch news
The Indian Market, after an arduously long wait, is finally going to receive Tesla. Based on the market response, Tesla will evaluate the manufacturing at a later date and by setting up its own sales network, it will begin its new journey in India. The CEO of Tesla, Elon Musk reiterated the plans of Tesla for making its new entry this year. Even the Tesla chapter of India is all set to commence with the company taking the CBU route to ship the cars to the shores. Tesla will start its operations in India in early 2021.
CBU and the presumptions
The Indian market has started to guess about the price and the new model of Tesla. The CBU’s that are mainly sold in India comes with a 100% import duty imposed on them. So, whichever model of Tesla comes here first in India will have this duty imposed onto it as unless the government finally decides to hand out some concessions to Tesla, the levied import duties cannot be withdrawn. As a heavy-duty tax is imposed on Tesla, the American electric car company would want to have the best odds for themselves which will, in turn, extend the price tag of Tesla.
The aggressive price of Tesla
From a major report of 2016, it is been known that in India, Tesla has collected almost $1000 deposits from some interested buyers. Those interested buyers even felt that they are let down by the company as they are still waiting for their cars. Musk, in 2017, told that the cars could come to India in the summertime but later on, he blamed the FDI norms for the delay. Even the completely built-up units are likely to be priced Rs 55 lakh onwards.
The Policy Times suggestions
- Rather than making up the hype much bigger, the Indian Market must discuss the heavy-duty tax levied on Tesla. They must keep in mind the profit of them and also look at setting up a manufacturing unit which is based on demand.
- The benefits of e-mobility solutions are immense in India. So, the Transport Minister must set up some major strategic plans to meet the ends up.
Also read: Elon Musk hints at coming to India in 2019