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regular-article-logo Tuesday, 07 May 2024

Four Tesla EVs clear homologation phase, ready to launch in India

The Indian subsidiary, Tesla India Motors and Energy, has received approval for all the four models that the company had applied for

Our Special Correspondent Calcutta Published 01.09.21, 02:00 AM
Representational image.

Representational image. Sourced by The Telegraph

Four models of electric vehicle maker Tesla has cleared the homologation phase and are now up and ready for a full-fledged launch in the Indian market.

The Indian subsidiary, Tesla India Motors and Energy, has received approval for all the four vehicles that the company had applied for, the ministry of road, transport and highways (MoRTH) said on its website.

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Homologation is a process that certifies a particular vehicle is roadworthy after meeting all the specified criteria.

While it is not clear which variants have been cleared for launch but multiple test cars of Tesla have been spotted regularly on Indian roads. Model 3 and Model Y have been seen in India during the past several weeks.

The company, however, has not revealed any launch plans as yet. Instead, it has sought lowering of import duties from the Indian government. It is hoping to put a cheaper price tag on its cars which is not possible because of the steep import duties.

Import duty on electric vehicles in India is 100 per cent if CIF (cost insurance and freight) value is more than $40,000 and 60 per cent if CIF value is less than $40,000.

The Model Y and Model 3 of Tesla are priced in the range of $38,700 to $41,200. Both models made up 90 per cent of Tesla’s volumes in 2020. The balance share of 10 per cent came from Model S and Model X, which are priced in the range of $81,200 and $91,200.

Tesla chief Elon Musk had tweeted that import duties in India were among the highest in the world and that the nation treats clean energy vehicles the same as gasoline, which isn’t consistent with its climate goals. He had also said a Tesla factory in India is quite likely but the company would first test the market with imported vehicles.

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