Tata plans Jaguar Land Rover EV imports to India under new policy, sources say
FILE PHOTO: A Jaguar I-Pace electric vehicle (EV) is seen displayed at the Jaguar Land Rover booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song/File Photo
NEW DELHI : India's Tata Motors plans to import its Jaguar Land Rover (JLR) luxury electric cars under a new government policy that lowers import taxes for companies agreeing to set up local manufacturing, two Indian government sources said.
Tesla is also expected to start importing its cars to India and make an investment in the country, Reuters has reported, but Tata's plan if realised would make it the first Indian carmaker to opt for the new policy designed to increase use of electric vehicles (EVs).
A Tata spokesperson declined to comment on what it said was speculation.
The policy announced in March cuts import taxes to 15 per cent from as high as 100 per cent on some EV models if a carmaker invests at least $500 million and sets up a domestic factory within three years.
"Tata wants to import JLR (EVs) under this new policy," said one of the two government sources, who declined to be named as the company plans are confidential.
While Tata is firming up plans to import JLR EVs from the United Kingdom, it is also planning to manufacture JLR cars at a planned $1 billion plant in the southern state of Tamil Nadu.
It remains unclear which JLR cars Tata will make there.
