Before starting manufacturing in India, Tesla may opt to sell imported cars in the country
However, high import cost and extreme taxation remain as company’s concerns
Tesla claims the move as a market potential test before investing entirely in it
EVs are meant to have a market share of 70% with 20% in the commercial vehicles and two-wheeler segments by 2030
The company is planning on investing somewhere between Rs 150-200 Crore in India
Tesla registered its Indian unit with the Ministry of Corporate Affairs in January 2021
The company plans to launch electric cars in India by 2022
