The company has registered in the name of Tesla India Motorsand Energy Private Limited. But do we have further backing? Yes.
Nitin Gadkari, Minister of Road Transport and Highways hasconfirmed that Tesla is coming to India this year. The first batch of the carsof Tesla will be Completely Built-up Units (CBU).
This sounds appealing for a car buyer, but when exactly canthe cars be bought? The entry of the company is reported to be in ‘early 2021’.
As mentioned, the CBUs in general have 100% import dutylevied on them. Thus, unless some concessions are granted to the company, thepush for these vehicles may fall a little bit short.
However, the company has products in its arsenal that can commandpremium pricing even after any additional charges levied.
Puneet Gupta, director, IHS Markit, a data analytics firmsays:
"Tesla is considered one of the most aspirationalbrands across the globe and the formation of its subsidiary is quitesignificant for India's economy and its nascent EV industry.
This can be an inflection point for electric mobility inIndia and might convince many prospective customers to consider buying an EV inthe future.
Also, an investment from Tesla might convince other leadingvehicle manufacturers and their component suppliers to invest in India fordevelopment of EV and related parts."