Elaborating its expansion in the Indian Electric Vehicle(EV) Market, AUDI-India is all geared up to electrify the Indian roads with its luxury electric cars range.
Lately, Audi has extended proposals to the Government of India to cut down the import duty on electric cars. The German Luxury Auto carmaker also proposes a relaxation of 3-5 years on the import of electric luxury cars enabling companies like TESLA and AUDI to roll out their electric car range competitive in India.
Tesla, a luxury electric cars marker also has demanded a cut down on import duty on electric cars helping these international carmakers to rethink manufacturing facilities and also rev up its luxury electric cars range in India.
It seems that Audi and Tesla are keen to set up their manufacturing facilities in India given the regulatory environment becomes easy.
Tesla also mentioned that “moderate taxation and stable policy” can see the Indian electric luxury cars market grow nearly three(3) times from now.
Currently, there are cumulative taxes of 200% reserved for the general range of imported cars, including sports and other petrol/diesel cars.
Audi has mentioned that the import duty should be fixed at 5% aligning with local manufacturers helping their clean and electric-powered electric luxury cars to vroom on the roads.
Audi has a healthy line of offerings in the Indian electric cars market. It includes e-tron, e-tron Sportback, e-tron GT and the RS e-tron GT.
Currently, China has 13% of total luxury passenger cars, and on the other hand, Europe logs around 50% in this domain.
Whereas, India still stands at a meagre 1% share when it comes to the luxury cars market.
Audi India head, Balbir Singh Dhillon in a statement said that the company is not seeking permanent relaxation of import duty as it respects the government’s intention to promote localisation.