Ad
Ad
Fisker has announced intentions to begin selling its Ocean electric SUV in India next summer, with the possibility of starting local manufacture within a few years
Fisker has announced intentions to begin selling its Ocean electric SUV in India next summer, with the possibility of starting local manufacture within a few years.
According to Founder and CEO Henrik Fisker, EV sales in India would grow by 2025-2026, which is why his business wants to be among the first to secure a footing in the market. He stated that the firm is seeking real estate space in New Delhi to construct a store and that it is meeting with auto component suppliers to acquire parts for its worldwide manufacturing.
The automobile designer turned entrepreneur believes India will someday become all-electric. He said, "It may not go as fast as the U.S., China, or Europe, but we want to be one of the first ones to come in here."
Fisker confessed that importing automobiles into India is "extremely expensive" due to the existing 100 percent tariffs, but the business hopes the Ocean will help establish the brand in India. The Fisker Ocean would cost roughly $37,500 in the United States, plus a 100 percent import tax and shipping fees.
Because most new automobiles produced in India are priced at around $15,000, relatively few individuals will be able to purchase one.
Fisker feels that in order to attain a higher volume in India, firms must start constructing automobiles locally or at least perform some assembly. He also mentioned that Fisker's next electric vehicle, the smaller PEAR, is being evaluated for India, but not before 2026.
Henrik Fisker noted that if the corporation finds a suitable local partner, the schedule might be shortened. Setting up a facility in India would need a volume of at least 30,000 to 40,000 automobiles per year, and the executive thinks that setting up a plant with an annual manufacturing capacity of 50,000 cars in India would cost $800 million.
It's important mentioning at this juncture that Fisker does not possess an assembly factory. The EV firm has contract manufacturing arrangements for the Ocean with Magna International in Austria and the PEAR with Foxconn in the United States.
EVs now account for less than 1% of India's yearly automobile sales of about 3 million units. They are gaining market share slowly because to the country's inadequate charging infrastructure and costly battery costs.
The Indian government wants to expand the percentage of electric cars to 30% by 2030 and is giving billions of dollars in incentives to EV and battery manufacturers to construct their EVs and EV components domestically.
Ducati DesertX Rally Version Launched in India at Rs 23.7 Lakh
The Ducati DesertX Rally Version debuts in India at Rs 23.7 Lakh. Featuring premium Kayaba suspension, 48mm forks, high ground clearance, and shared electronics, it's set to dominate the adventure bike arena.
01-May-2024 10:04 AM
Read Full NewsDucati DesertX Rally Version Launched in India at Rs 23.7 Lakh
The Ducati DesertX Rally Version debuts in India at Rs 23.7 Lakh. Featuring premium Kayaba suspension, 48mm forks, high ground clearance, and shared electronics, it's set to dominate the adventure bike arena.
01-May-2024 10:04 AM
Read Full NewsTata Motors Register 11.5 Percent Growth; Sells More Than 75000 Units in April 2024
Tata Motors reports a robust 11.5% sales growth in April 2024, marking a significant increase of 7922 units compared to the same period last year. With 11.5% growth, the automaker continues to demonstrate strong performance in the market.
01-May-2024 10:02 AM
Read Full NewsTata Motors Register 11.5 Percent Growth; Sells More Than 75000 Units in April 2024
Tata Motors reports a robust 11.5% sales growth in April 2024, marking a significant increase of 7922 units compared to the same period last year. With 11.5% growth, the automaker continues to demonstrate strong performance in the market.
01-May-2024 10:02 AM
Read Full News2024 Bajaj Pulsar NS400 Launch on 3rd May, New Teaser Out; Details
Bajaj Auto's eagerly awaited Bajaj Pulsar NS400, set for launch on May 3rd, is poised to be the flagship of the Pulsar lineup. Derived from the Dominar 400, it boasts USD front forks, dual-channel ABS with multiple modes, and an updated digital instrument cluster with Bluetooth connectivity and turn-by-turn navigation. Powered by a retuned 373cc engine, it promises a blend of power and refinement.
01-May-2024 08:48 AM
Read Full News2024 Bajaj Pulsar NS400 Launch on 3rd May, New Teaser Out; Details
Bajaj Auto's eagerly awaited Bajaj Pulsar NS400, set for launch on May 3rd, is poised to be the flagship of the Pulsar lineup. Derived from the Dominar 400, it boasts USD front forks, dual-channel ABS with multiple modes, and an updated digital instrument cluster with Bluetooth connectivity and turn-by-turn navigation. Powered by a retuned 373cc engine, it promises a blend of power and refinement.
01-May-2024 08:48 AM
Read Full NewsList of Upcoming Two-Wheelers in May 2024
May 2024 introduces new two-wheelers, from powerful motorcycles to eco-friendly scooters, promising advanced tech and performance. With launches like the Bajaj NS 400 and Hero Xoom series, riders have more options to enhance their ride.
30-Apr-2024 12:31 PM
Read Full NewsList of Upcoming Two-Wheelers in May 2024
May 2024 introduces new two-wheelers, from powerful motorcycles to eco-friendly scooters, promising advanced tech and performance. With launches like the Bajaj NS 400 and Hero Xoom series, riders have more options to enhance their ride.
30-Apr-2024 12:31 PM
Read Full News2024 Skoda Slavia and Kushaq Launched in India; 6 Airbags is Now a Standard Offering; Check Details
Skoda introduces updated Slavia and Kushaq with standard six airbags, reinforcing safety. Both models scored 5 stars in global NCAP tests. Available in three trims and two engine options, they offer versatility. Features remain consistent with previous models, including ambient footwell lighting and adjustable front seats. Pricing starts attractively, making them compelling options in their respective segments.
30-Apr-2024 12:26 PM
Read Full News2024 Skoda Slavia and Kushaq Launched in India; 6 Airbags is Now a Standard Offering; Check Details
Skoda introduces updated Slavia and Kushaq with standard six airbags, reinforcing safety. Both models scored 5 stars in global NCAP tests. Available in three trims and two engine options, they offer versatility. Features remain consistent with previous models, including ambient footwell lighting and adjustable front seats. Pricing starts attractively, making them compelling options in their respective segments.
30-Apr-2024 12:26 PM
Read Full NewsAmpere Nexus Launched in India; Runs at 93 Kmph Top Speed; Details
Ampere's debut in the premium electric scooter segment, the Nexus, sets a new benchmark with its high-performance capabilities and innovative features. With a sleek design and vibrant colour options, it offers a distinctive appeal. Packed with advanced technology like LED lights, a touchscreen display, and turn-by-turn navigation, the Nexus promises an exhilarating ride experience. Starting at Rs. 1.10 lakh, it's a compelling choice for electric mobility enthusiasts.
30-Apr-2024 08:41 AM
Read Full NewsAmpere Nexus Launched in India; Runs at 93 Kmph Top Speed; Details
Ampere's debut in the premium electric scooter segment, the Nexus, sets a new benchmark with its high-performance capabilities and innovative features. With a sleek design and vibrant colour options, it offers a distinctive appeal. Packed with advanced technology like LED lights, a touchscreen display, and turn-by-turn navigation, the Nexus promises an exhilarating ride experience. Starting at Rs. 1.10 lakh, it's a compelling choice for electric mobility enthusiasts.
30-Apr-2024 08:41 AM
Read Full NewsAd
Ad
Skoda Slavia
₹ 11.63 - 18.83 Lakh
Skoda Kushaq
₹ 11.99 - 19.79 Lakh
Mahindra XUV 3XO
₹ 7.49 - 15.49 Lakh
BMW i5
₹ 1.2 Cr
Jeep Wrangler facelift
₹ 67.65 - 71.65 Lakh
Force Five-door Gurkha
₹ 15.50 - 16.00 Lakh
Hyundai Staria
₹ 1.00 Cr
Lexus UX
₹ 40.00 Lakh
MG RC6
₹ 18.00 Lakh
Fisker Ocean EV
₹ 80.00 Lakh - 1.00 Crore
Ad
Ad
Ad