Jaguar’s new SUV cost almost twice the price of Tesla entry level model.
Jaguar Land Rovers frist ever all-electric SUV officially launched in India. However, this SUV is almost doubled the price of Tesla’s entry level vehicle in term of pricing. The 2021 Jaguar I-Pace will start at the price range of around Rs.1.06crores while Tesla estimated cost around Rs. 60-70 Lakh. Take a note that overall SUV sold in India out of which 75% SUV’s are cost under Rs. 12 lakh.
Indian EV industry growing very slowly compared to the global level. The most obvious reasons for that India has lacks of infrastructure facilities even if we’re considering changing stations, the high cost of the batteries the consumer finance not available through various banking sector. As per the BloombergNEF report that by 2040, Germany and China will be the global leaders in electric passenger vehicle industry with a percentage of 70%, while India will have only 33% on the scale. Jaguar India president Mr. Mohit Suri highlighted that, the pollution norms and the ever increasing pollution awareness and better Government Policies and upcoming launched EV plans that shows the EV market is growing very rapidly.
Jagaur launching I-Pace with so many plan’s, company is looking for along with cars they are providing a customer on options of home charging cable of 7.4kw AC wall-mounted charger along a new vehicle. As Jaguar is the sub-brand of big Tata group, the Jaguar dealers at the different locations and Tata Power Co will help you installing and set-up of the chargers at the customer’s homes. Company also planning to give access of 200 different charging station across the country on the use and pay mode basis. As per Jaguar that Jaguar retailers in 19 cities are already ready with charging infrastructure around the country.
The Jaguar Land Rover also aiming to launch six EV Land Rover in the upcoming five years. Official sources the company is so serious about EV as a future with a plans like by 2030, all the Jaguar models while 60% of the Land Rover vehicle based of the EV Platform. As JLR are one of the premium brand they are quite confident about there goals with its premium customer base in India.
The Government of India has reduced the GST on the EV vehicle from 12% to 5% from August 2019 to promote the EV industry. While Indian Government charged 28% GST for ICE vehicle technology. This Government Step encourages the EV manufacturer to plan more. But as of the moment Electric Vehicles has contribution of less than 1% of the total sales, which is very disappointing but Indian market has good future and potential to be a EV leader.