Tesla to launch India showrooms in July
Tesla's first showrooms are set to open in Mumbai and New Delhi by mid-July, marking the brand's much-awaited debut in India.
The Model Y SUVs will be imported from Shanghai, ending years of delays caused by high import taxes and production hurdles.
Things moved faster after Elon Musk met Prime Minister Modi in 2023.
Model Y will cost over $56,000 in India
Thanks to hefty import duties—about 70% on cars under $40,000—the Model Y will cost over $56,000 before taxes and insurance in India.
That's a lot pricier than in the US, so Tesla is mainly eyeing affluent buyers.
For context, premium cars make up less than 2% of new vehicle sales here.
Tesla's India plans are much bigger than you think
Tesla is leasing warehouse space in Karnataka and Gurugram, hiring for charging and retail roles, and sending execs regularly to set things up.
The Model Y launch is just the start—more models and more service centers are on the way as Tesla gears up for a bigger presence across India.