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Jaguar’s First Electric Car in India to Cost Double a Tesla

The Jaguar I-Pace
The Jaguar I-PaceSource: Jaguar Land Rover

Jaguar Land Rover unveiled its all-electric SUV in India on Tuesday but its sticker price -- twice that of an entry-level Tesla Inc. -- will put it out of reach of most consumers in the South Asian nation.

The I-Pace’s starting price is 10.6 million rupees ($147,000), which compares to an estimated cost of around $68,000 for a Model 3 after export expenses. That’s going to be a tough sell considering that in India, about 75% of all auto sales occur in the $10,000 and under bracket.