India Only Approves Tesla Cars Priced Over 30 Lakh at 15% Tariff

India has introduced specific guidelines for the import of foreign electric vehicles (EVs), opening the door for iconic brands like Tesla. Under the current policy, the government allows the import of up to 8,000 premium electric cars that are priced above approximately $35,000 (around Rs 30 lakh), albeit with a more favorable tariff structure.

This means that Tesla cars, which are anticipated to be priced above Rs 30 lakh, have the potential to qualify for import, provided they meet pricing and import conditions. The financial landscape for Tesla models reveals that their prices in India, factoring in import duties and taxes, are likely to range between Rs 35-60 lakh, with the Model 3 expected to hit around Rs 35-40 lakh. These figures fit within the allowed price bracket, fulfilling the necessary criteria for import eligibility under the new regulations.

The 15% tariff applies specifically to vehicles meeting this price point, further solidifying the potential for Tesla to enter the Indian market under these relaxed rules for premium EVs. With Tesla cars meeting the Rs 30 lakh threshold likely allowed for import, this could soon become a reality.

In essence, Tesla cars priced above Rs 30 lakh that adhere to the import guidelines are poised to make their way into India. These developments could mark a significant shift in the Indian automotive landscape, allowing a limited number of premium EVs to be imported at a considerably reduced tariff rate. For more details on Tesla's entry into India, you can check here.