High tariffs make imported EVs even more expensive in Indiasays it will begin selling its Ocean electric sport-utility vehicle in India next July and could begin manufacturing its cars locally within a few years, the company's chief executive officer told Reuters.in India will increase by 2025-26, Henrik Fisker said in an interview in New Delhi, adding that the company wants to secure a first-mover advantage.
While Fisker admitted it is"very expensive" to import vehicles into India, the company wants to use the Ocean to build its brand, with its premium pricing likely to limit numbers, he said. "Ultimately, if you want to have somewhat of a larger volume in India, you almost have to start building a vehicle here or at least do some assembly," Fisker said.pictured in a rendering above, is being considered for production in India but not before 2026, he said.
To set up a plant in India would require volume of at least 30,000 to 40,000 cars a year, Fisker said.
Have they sold even one?