after failing to secure a lower import tariff for its cars. Like Fisker, it first wanted to import vehicles to test the market before committing to local manufacturing.
The Ocean retails at around $37,500 in the United States but importing it to India would add logistics costs and a 100% import tax. That would put it out of reach of most buyers in a market where the bulk of cars sold are priced under $15,000. The company's next EV - the smaller, five-seater PEAR - 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.
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