Homeauto News

    Tesla gets nod to launch three more models in India, says report 

    Tesla gets nod to launch three more models in India, says report 

    Tesla gets nod to launch three more models in India, says report 
    Profile image

    By CNBCTV18.com  IST (Updated)

    Mini

    The American electric-vehicle manufacturer’s Indian subsidiary received three additional homologation certificates as per the information shared by the Centre-controlled Vahan Sewa.

    US-based Tesla has gotten approval for the sale of three more models in India, bringing a total of approved models in India to seven.
    The American electric-vehicle manufacturer’s Indian subsidiary received three additional homologation certificates as per the information shared by the Centre-controlled Vahan Sewa, reported Hindu BusinessLine. It is not yet clear which models of the carmaker have gotten the approval.
    Homologation is the process of certifying that a particular make of vehicle is roadworthy and in compliance with all the regulations laid down by the government. The Ministry of Shipping, Road and Transport Highways are all responsible for the homologation of vehicles in India.
    Also Read:
    Tesla had incorporated its Indian subsidiary in 2021 but has not yet revealed any timeline for the release or launch of vehicles in the country. The Elon Musk-owned company had been lobbying the central government for reducing import duties in EVs while the government in turn has been pushing for domestic production of EV manufacturing.
    NITI Aayog chief executive officer Amitabh Kant had said recently that the government was considering Tesla's proposal for a reduction in import duty to enter India. "Tesla's duty cut proposal is under inter-ministerial review. The challenge is to see whether electric vehicles as a luxury vehicle which costs $40,000," Kant had told CNBC-TV18.
    India levies 100 percent tax on imported cars of price more than $40,000 (Rs 30 lakh) inclusive of insurance and shipping expenses, and cars less than $40,000 are subject to 60 percent import tax. With a global price tag of $39,999 (around Rs 30 lakh), the CIF for Tesla’s popular Model 3 is expected to be over $40,000 and thus attract an import duty of 100 percent.
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    arrow down

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng