The Model 3 is the most affordable electric car produced by Tesla, and has been a runaway success for the electric vehicle pioneer. In fact, the Model 3 was introduced as a volume bagger, meant to attract price conscious buyers to the Tesla fold. In India, the Model 3 is likely to command a price between 55-60 lakh rupees.
At present, cars imported as completely built units (CBUs) attract customs duty ranging from 60 per cent to 100 per cent, depending on engine size and cost, insurance and freight (CIF) value less or above USD 40,000.
Also an import tariff of 110 per cent on vehicles with customs value above USD 40,000. There is also social welfare surcharge of 10 per cent on electric cars.