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The California based company has also started recruiting senior executives to prepare the ground for a possible launch
Union transport ministry through its Vahan portal has approved four models of Tesla Inc’s electric cars for introduction in the country, Mint reported Wednesday. However, the portal did not identify the models that have received the approval. Last year, Tesla had set up its Indian unit, Tesla India Motors and Energy Pvt. Ltd, making its intentions clear to enter the country’s potential growth market for electric cars. The California based company has also started recruiting senior executives to prepare the ground for a possible launch.
Higher taxes on imported electric vehicles hindering Tesla
Though the government has given an approval, it does not necessarily imply an immediate launch. The company has been asking for a reduction in import duty on electric vehicles and related parts as it is expected to import its vehicles initially as fully built units.
Tesla’ boss Elon Musk had last year twee that the company will enter India in 2021, last year. He also said that high taxes on imported electric vehicles in India is hindering Tesla’s plan to sell its products, earlier on twitter.
On completely built vehicles, India levies almost 100% import duty. Those assembled from imported knocked-down kits attract a lower tax. Tesla has been urging the government to cut import duty on electric vehicles to create a thriving market.
Mercedes Benz and Audi who are in the premium vehicle segment have launched their electric vehicles in India already, by importing them as a fully built units.