The richest man in India recently bought a Tesla Models S, but due to lack of official sales network, the vehicle is privately imported and, according to legal documents, is a “second-hand” car. Read all the details about the story.
Mukesh Ambani is one of the richest businessmen in the world. It is no surprise then that he owns a multitude of expensive, exotic cars. Some of his prized possessions include Rolls Royce Phantom, Rolls Royce Cullinan, Bentley Continental Flying Spur, Bentley Bentayga, Aston Martin Rapide, Lamborghini Urus, Mercedes Maybach 62, and BMW 7-series. Recently, the Ambani garage has welcomed another exotic, a Tesla Model S, or more specifically, a Tesla Model S 100D.
As Tesla does not have a dealer network in India, it is quite obvious that the vehicle has been imported into the country. You can import a vehicle to India, but it involves heavy taxes and a heap of paperwork. While the former isn’t a problem for a rich business of such calibre, the latter would definitely be a lot of headache. Thus, many rich people prefer to let other private importers take care of the job, and then buy it from them for an additional fee. This eliminates the hassle of having to go through the documentation process, but there is one drawback. The vehicle is first registered in the name of the importer, and then the owner. Technically, and legally, that makes it a second-hand car!
Buying a used exotic car may sound problematic, but it really isn’t. The only problem is that a second-hand car would have less value in the used car market, but not a lot of Supercar owners would worry about such a detail. Even if one exotic makes it to the used car market, the exclusivity alone will compensate for any loss in value.
Tesla Model S is the poster boy of Tesla’s engineering prowess
While the Model S is definitely a car worthy of a “Supercar” tag, it is quite different from one, at least in the traditional sense. It doesn’t have a screaming multi-cylinder engine or countless spooling turbochargers. It is an electric car, powered by good old electricity. This means there are no tailpipe emissions, which is why it is considered to be a cleaner alternative to traditional fossil-fuel-powered cars, all while hitting 100 Km/h from a standstill in just 4 seconds!
Elon Musk has expressed interest in entering the Indian market
A brand-new Tesla Model S costs close to $94,000 without any optional upgrades. That would roughly translate to nearly ₹67 Lakh. Given that the import duty on such a car is 100% of the total value, the car would have costed upwards of ₹1.4 Crores. One relief in this matter would be that electric vehicles don’t need to pay registration and road tax, in accordance with the recent Motor Vehicles (Amendment) Act.
The Tesla Model S 100D is rated at 483 Bhp and 660 Nm of max power and max torque respectively. The name ‘100D’ describes the technical specifications of the car; ‘100’ is for battery size (100 kWh) and ‘D’ stands for dual-electric-motors, one for the front wheels and one for the rear. This makes the Model S an All-wheel-drive vehicle, and quite a powerful one at that.