India is the third largest in the world after China and the USA. automobile market. Many companies produce special models for India in order to get a share from this market. Now two electric car manufacturer is preparing to invest in India in order to benefit from this cake.
Tesla and BYD want to build auto factory in India
With factories in the USA and China TeslaAccording to the latest information, it is in talks with the country’s authorities to establish a factory in India as well. 500 thousand vehicles per year Tesla, which is making plans for a facility that will produce The US company plans to send vehicles to neighboring countries via India.
With the facility to be established in India, Tesla has a price tag of $ 24,400 (2 million rupees). affordable electric cars will produce. This price tag is much more affordable on all models in Tesla’s current model range. The company thus India It will try to take its sales in the surrounding countries to the next level.
How much tax do we pay on cars?
With the VAT rate increased to 20 percent, automobile prices increased once again. Here are the total tax amounts on cars:
A Tesla to be manufactured in India, Turkish market It can also be a strong player for you. As it is known, Tesla only Model Y continues to exist. Electric car manufacturer, extra applied to vehicles made in China 40 percent customs duty because of the affordable Model 3Unfortunately, it is not offered in our country.
To be produced outside of China Tesla A cheap electric model bearing the signature of the company can reach very serious sales figures in our country. Tesla’s electric car, which is expected to be $ 24,400, will be added on 10 percent excise duty And 20 percent VATWhen we take into account today’s exchange rate 846 thousand 800 TL It may come with a price like
On the other hand Chinese company BYD a local company Megha Engineering and Infrastructures plans to make a joint venture with The company is going to India 1 billion dollar investment It aims to offer a wide range of electric models as well as battery production.
Two major players in the electric car market Tesla And BYD, is making plans to enter the Indian market and produce new inexpensive models. So what are you likely to produce by Tesla and BYD? cheap electric car What do you think about the models? You can share your views with us in the comments section.