By Admin 
The world’s famous electric car company Tesla has finally launched Model Y SUV in India, but this car will not be manufactured in India. It will be brought from the plant in Shanghai as Completely Built Unit (CBU), which leads to heavy import duty on it. The initial price of Model Y has been kept at around 60 lakhs, which removes it from the reach of common Indian customers.
How much is the price of Tesla Model Y?
- Heavy important duty is imposed on foreign cars in India, due to which the price of Tesla Model Y has increased considerably. 70% tax is levied on cars up to $ 40,000 (about 34.38 lakh) and 100% tax on expensive cars. This tax is fixed on the basis of cost, insurance and freight (CIF).
- For this reason, the price of Model Y has reached about 60 lakhs, which is expensive by Indian options like Tata Harrier.Ev and Mahindra Xuv.e9.
- While the price of Tata Harrier.ev is between 21.49 lakh to 30.23 lakh and the price of Mahindra Xuv.e9 is between 21.90 lakh to 31.25 lakhs, Tesla’s model y will not be directly faced by domestic brands like Tata or Mahindra but will be faced with international companies like Tata or Mahindra.
Tesla will affect domestic companies?
- Tesla’s arrival in India will not affect domestic companies because the first reason is the huge price difference. The 6 million car comes in the luxury segment, while the electric vehicles of TATA and Mahindra are made keeping in mind the mid-segment customers.
- Second, Tesla has not opened any local manufacturing unit in India yet, causing its cars to come completely (CBU) and cost expensive. Third, the customer base of this price range cars is very limited in India, so the sale of Tesla will not have any significant impact on the choice of common customers.
What will change with Tesla coming to India?
- According to experts, Tesla’s arrival in India is a positive sign for domestic companies. With this, companies like Tata, Mahindra, MG will pay attention to more innovation, better features and customer experience in their electric vehicles.
- Gaurav Wangal of S&P Global Mobility says that Indian companies will need to work hard in technology and design from Tesla’s entry. At the same time, Som Kapoor of Ey-Parthenon believes that Tesla’s vehicles are quite expensive, so it will not directly affect the market share of companies like TATA or Mahindra.
- India has become an essential market for Tesla at this time. On the one hand, while the EV segment in the world’s third largest automobile market is growing rapidly, on the other hand Tesla’s global sales have fallen 13.5% in the June quarter and it is getting a tough challenge from Chinese companies. It is estimated that India’s EV market can reach 10 lakh crores by 2030 to 22–25% annually.
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