Indian Prime Minister Modi’s August 15, 2025, announcement unlocking GST reform—reducing tax slabs to just 5% and 18%, with a 40% luxury tier—has set off waves across industries, most notably in automobiles. But where does this leave Tesla—still an import-only luxury EV brand in India? GST Rate Cut 2025: Modi’s Independence Day Announcement & Its Impact on Car, Bike and EV Prices in India 🚘⚡ "Tesla Finally Lands in India: Model Y Debuts at ₹59.9 Lakh—What It Means for the EV War!" GST Reforms at a Glance: Proposed shift from multiple GST slabs to two primary rates: 5% (essentials) and 18% (standard goods) , plus a 40% slab for luxury/sin goods . GST on small cars expected to drop from 28% to 18% , offering 5–10% potential price relief. Auto & consumer stocks surged following reform announcements, signaling strong market optimism. Impact on Tesla in India: 1. GST Cuts Don’t Apply to Tesla Tesla imports its Model Y (priced ₹60–70 lakh) as a completel...
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