India's finance ministry, through Revenue Secretary Sanjay Malhotra, ruled out any customs duty waivers for Tesla, noting a prior rejection of the automaker's request. Industry analysts questioned the feasibility of Tesla's cheaper Model 3 reaching the estimated Rs 20 lakh price point in India given a 100% import tax on EVs priced above US$40,000.
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Importing this model into India would incur additional costs due to the country's 100% import tax on electric vehicles priced above US$40,000.
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the base variant of the Tesla Model 3 priced at US$40,240 (approximately Rs33,000,000.00).
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Tesla's plans to introduce its cheaper Model 3 in the Indian market at an estimated cost of around Rs 20 lakh
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the possibility of acquiring a US$40,240 car for US$24,366 (Rs20,000,000.00) still appears unlikely.
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