Tesla To Cost INR 35 Lakh+ In India Even With Lower Tariffs: CLSA

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SUMMARY

The brokerage firm anticipates this price range for the Tesla car in India despite the lower 15% to 20% import duties payable on foreign-made cars

CLSA added that even if Tesla manages to launch a sub-INR 25 Lakh on-road model, it would still not have any significant impact on the incumbents

This comes as Tesla is looking to establish a manufacturing unit in the country and is in talks with multiple states, including Gujarat, Maharashtra and Tamil Nadu, for it

Amid speculations over Tesla’s India entry, a report by…



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Tesla To Cost INR 35 Lakh+ In India Even With Lower Tariffs: CLSA


SUMMARY

The brokerage firm anticipates this price range for the Tesla car in India despite the lower 15% to 20% import duties payable on foreign-made cars

CLSA added that even if Tesla manages to launch a sub-INR 25 Lakh on-road model, it would still not have any significant impact on the incumbents

This comes as Tesla is looking to establish a manufacturing unit in the country and is in talks with multiple states, including Gujarat, Maharashtra and Tamil Nadu, for it

Amid speculations over Tesla’s India entry, a report by…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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