Tesla Rival Fisker to Sell Electric SUV in India Range 250 Miles Speed ​​0

American firm Fisker will start selling its sports utility vehicle (SUV) Ocean in India next year. Fisker says that in the next few years, it can also manufacture its cars in the country. The annual sales of cars in the country are about 3 million units and electric cars account for about one per cent of this.

Fisker Chief Executive Henrik Fisker in an interview with Reuters Said That the sale of electric cars in India will increase by 2025-26. He said that the firm wants to enjoy the advantage of being an early mover in this segment. Henrik said, “India will eventually go all electric. It will not happen at the pace of America, Europe or China.” The price of Ocean is around $ 37,500 in the US, but importing it to India will attract 100 percent import tax along with the cost of logistics. This will make its price out of reach of most of the buyers as cars in the medium price segment are mostly sold in the country.

The central government wants to increase the share of electric cars in the total sales of cars to 30 percent by 2030. However, lack of charging infrastructure and high cost of batteries are major hindrances in increasing sales in this segment. The government is also offering incentives worth millions of dollars to companies for manufacturing Electric Vehicles (EVs) and their parts in the country.

Global electric car maker Tesla has postponed its plans to start business in India due to non-availability of import tax exemption for its cars. Tesla first wanted to import cars to see the response of the market and then take a decision on manufacturing in the country. Fisker believes that importing vehicles into India is very expensive. It wants to strengthen its brand with Ocean. However, due to its high price, it is likely to be sold in limited numbers. Sales of electric cars have increased in the country in the last few months. In August, Tata Motors stood first in terms of sales in this segment. Mahindra & Mahindra has tried to increase its presence in electric cars but without much success. Total sales in this segment stood at 3,237 units in August. This is an increase of over 224 per cent over the same period last year.

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