Jaguar I-Pace launches in India today with a high price tag

Jaguar I-Pace

Jaguar has launched their all-electric I-Pace in India today, but it comes with a very high price tag that will limit its sales in the country.

Starting at 10.6 million rupees ($183,000 CAD), the I-Pace is more than twice expensive as the expected price of the Tesla Model 3. After import expenses it is estimated the Model 3 will start at 4.9 million rupees ($85,000 CAD), reports Bloomberg.

The high price will likely make it tough for the automaker to sell many EVs in India. The average price of a new car in Canada now exceeds $40,000, while in India more than two-thirds of car sales come in at less than $10,000 USD ($12,500 CAD).

Related: Tata Power denies report Tesla is seeking charging infrastructure partnership in India

Jaguar is also teaming up with Tata Power to install the included 7.4kW AC wall-mounted charger. Buyers will also be able to use Tata’s EV charging network with more than 200 locations throughout the country, but will still have to pay for each charging session.