Tesla, the US-based electric vehicle (EV) maker led by Elon Musk, may soon enter the Indian market as the Centre is finalizing a policy to extend concessional import duties on EVs exceeding Rs 30 lakh for 2-3 years. The policy is aimed at boosting employment and reducing the prices of EVs through local manufacturing. The policy may also require Tesla to provide bank guarantees for setting up a factory in India.
Tesla’s long-awaited entry into India
Tesla has been eyeing the Indian market for a long time, but has faced several hurdles, such as high import duties, lack of charging infrastructure, and low demand for EVs. In January 2021, Tesla registered a subsidiary in India, named Tesla India Motors and Energy Pvt Ltd, and appointed three directors. In July 2021, Musk tweeted that Tesla would launch its cars in India by the end of 2021, subject to regulatory approval.
However, Tesla has also expressed its concerns over the high import duties on EVs in India, which range from 60% to 100%, depending on the value of the car. Tesla has requested the Indian government to reduce the import duties to 15% for the first two years of operations, and has offered to invest up to $2 billion in India if the government agrees.
Centre’s new policy for EV imports
According to a report by Economic Times, the Centre is finalizing a policy to extend concessional import duties on EVs exceeding Rs 30 lakh for 2-3 years, which may benefit Tesla and other global EV makers. The policy may also require Tesla to provide bank guarantees for investing in a factory in India, which can be encashed if Tesla fails to comply with the specified timelines.
The policy is expected to be announced soon, and may be applicable to both fully built EVs and semi-knocked down EVs. The policy is part of the Centre’s efforts to promote local manufacturing of EVs and create employment opportunities in the sector. The policy may also help reduce the prices of EVs in India, which are currently much higher than the global average.
Tesla’s potential impact on the Indian EV market
Tesla’s entry into India may have a significant impact on the Indian EV market, which is currently dominated by domestic players like Tata Motors, Mahindra & Mahindra, and Ola Electric. Tesla’s cars are known for their high performance, advanced technology, and premium design, and may attract customers who are looking for luxury and innovation in EVs.
Tesla may also bring its expertise in battery technology, software, and charging infrastructure to India, and may collaborate with local partners and suppliers to create a robust EV ecosystem. Tesla may also inspire other global EV makers, such as Volkswagen, Hyundai, and Toyota, to enter or expand their presence in India, and create more competition and choice for the Indian consumers.
Tesla’s challenges and opportunities in India
Tesla may also face some challenges and opportunities in India, such as:
- Regulatory and policy uncertainty: Tesla may have to deal with various regulatory and policy issues, such as import duties, taxes, subsidies, safety standards, and environmental norms, which may vary across different states and regions in India. Tesla may also have to adapt to the changing policies and regulations, such as the proposed green tax on old vehicles, and the proposed scrappage policy for old vehicles.
- Customer preferences and awareness: Tesla may have to understand and cater to the customer preferences and awareness in India, which may differ from the global markets. Tesla may have to offer affordable and suitable models for the Indian consumers, who may be more price-sensitive and value-conscious than the global consumers. Tesla may also have to educate and inform the Indian consumers about the benefits and features of EVs, and address their concerns and doubts, such as range anxiety, battery life, and maintenance costs.
- Infrastructure and ecosystem: Tesla may have to invest in and develop the infrastructure and ecosystem for EVs in India, such as charging stations, service centers, dealerships, and supply chains. Tesla may have to partner with local players, such as power utilities, oil companies, and real estate developers, to create a network of charging stations across the country. Tesla may also have to source and manufacture some of the components and parts locally, to reduce the costs and increase the availability of its cars.
Tesla’s upcoming launch in India
Tesla is expected to launch its cars in India by the end of 2021, subject to regulatory approval and policy clarity. Tesla may start with its most affordable model, the Model 3, which may cost around Rs 60 lakh in India, after import duties and taxes. Tesla may also launch its other models, such as the Model S, the Model X, and the Model Y, in the future, depending on the demand and feasibility.
Tesla may soon enter India with a new policy for EV imports, which may create a new wave of excitement and innovation in the Indian EV market. Tesla may also face some challenges and opportunities in India, which may test its capabilities and potential. Tesla may also have a significant impact on the Indian EV market, which may benefit the Indian consumers, the environment, and the economy.
![gain Rise in Gold Rate in India After Falling Rs 21,200/24K; Will Gold Price Today Jump or Drop on 28 March? By Harshika Yadav Published: Saturday, March 28, 2026, 6:55 [IST] preference Add as a preferred source on Google Gold rates in India witnessed a modest recovery on March 27, 2026, after a sharp fall in the previous session, indicating a cautious stabilisation in the bullion market. The yellow metal had dropped by Rs 212 per gram (or Rs 21,200 per 100 grams) of 24 Karat (24K) earlier, but managed to regain some ground. Gold Price Updates as US-Iran Tensions Ease; Pakistan, Turkiye & Egypt Step Up Mediation Efforts The rise in yellow metal follows easing geopolitical concerns after US President Donald Trump signalled a delay in potential military action against Iran's energy infrastructure by 10 days, pushing the deadline to April 6. This development, along with ongoing diplomatic efforts, has helped support safe-haven demand. gold Rate Today Further adding to market sentiment, Pakistan's Foreign Minister Ishaq Dar confirmed that Islamabad is acting as an intermediary between the United States and Iran, relaying messages as part of efforts to de-escalate tensions. Countries like Türkiye and Egypt are also reportedly supporting the mediation process, offering some relief to global financial markets. Gold Rate in India: Check Latest 22K, 24K & 18K Gold Prices Per Gram 24 Karat Gold Rate Today in India In the 24 Karat segment, at the time of writing, the rate for 1 gram stood at Rs 14,471, rising by Rs 16 from Rs 14,455. For 8 grams, the price increased to Rs 1,15,768, up by Rs 128. The rate for 10 grams climbed to Rs 1,44,710, reflecting a gain of Rs 160, while 100 grams of 24 Karat gold were priced at Rs 14,47,100, marking an increase of Rs 1,600. 22 Karat Gold Rate Today in India The price of one gram of 22K stood at Rs 13,265, gaining Rs 15 from the previous session. For 8 grams, the rate rose to Rs 1,06,120, registering an increase of Rs 120. The cost of 10 grams advanced to Rs 1,32,650, up by Rs 150, while 100 grams were priced at Rs 13,26,500, reflecting a gain of Rs 1,500. 18 Karat Gold Rate Today in India The rate for one gram of 18K stood at Rs 10,853, up by Rs 12. For 8 grams, the price moved up to Rs 86,824, marking a gain of Rs 96. The rate for 10 grams climbed to Rs 1,08,530, increasing by Rs 120, while 100 grams were valued at Rs 10,85,300, reflecting an uptick of Rs 1,200. Latest MCX Gold Price In the domestic futures market, gold on the Multi Commodity Exchange (MCX) held firm above the Rs 1,44,500 level as per latest trading record, supported largely by the weakness in the Indian rupee, which continues to cushion local prices despite global volatility. Latest Spot Gold Rate The rebound in domestic gold rates comes alongside a recovery in international markets, where gold moved above the $4,400 per ounce mark. What Lies Ahead for Gold Prices? Check Gold Rate Prediction Jateen Trivedi, VP - Research Analyst (Commodity and Currency), LKP Securities, said, "Gold remained slightly positive, trading above $4,425 with highs near $4,475, supported by initial optimism around US-Iran talks. However, the sharp rise in crude continues to signal underlying market stress and inflation risks." From a technical perspective, he explained, "Technically, support is seen near Rs 1,42,000, while resistance is placed around Rs 1,46,500. Overall, gold is expected to remain volatile with limited upside unless clarity emerges on inflation and geopolitics."](https://keralanews247.com/wp-content/uploads/2026/03/rupee-and-dollar-scaled-120x86.png)
