India’s market for luxury electric vehicles is hotting up

India’s market for luxury electric vehicles (EVs) is hotting up, with the likes of Mercedes-Benz and Audi lining up a slew of launches and state governments making a beeline to support Tesla’s entry into the country.

While Tesla is still undecided about the India entry, as the Model S manufacturer hasn’t got any assurance on its demand for a cut in import tax on fully built vehicles, other luxury automakers already present here are banking on the lower GST on EVs and local assembling to push their vehicles. The tax breaks allow them to sell some of the electric vehicles at prices on par with their fossil fuel-powered variants.