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Become A Startup Insider With Inc42 Plus
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Two Germany automobile giants Mercedes Benz and BMW are already withholding their entry into the Indian emobility market by citing nascent infrastructure and affordability of electric vehicle (EV). However, the third major giant Porsche has decided to grab on to the market with its all-electric car Taycan, which will be launched in July 2020 for a whooping $370,000.
Although, Porsche’s Taycan is estimated to cost around $100,000 (INR 70 Lakh) for the base price and $150,900 (INR 1.06 Cr) outside India, but the local car duties make imported luxury cars about 2.5 times more expensive than their cost in Europe, said Pavan Shetty, director of Porsche India.
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