Tesla Inc. has officially entered the Indian market, launching its first showroom in Mumbai’s upscale Bandra-Kurla Complex on Tuesday. The outlet will serve as the EV giant’s flagship experience center, marking a long-awaited step into the world’s third-largest auto market.
The move comes after years of delays due to policy disagreements. With global sales dropping and pressure mounting in its key markets—China and the U.S.—India offers Tesla a new growth frontier. The country’s electric vehicle market is still in its early stages, making up just over 2% of total car sales, but the government aims to boost that share to 30% by 2030.
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Tesla will initially sell its Model Y vehicles in India via imports, with prices starting at 6 million rupees ($70,000), significantly higher than U.S. prices. Deliveries are expected to begin in the third quarter.
While Tesla's prices put it out of reach for most Indians, the brand will compete in the luxury segment alongside BMW and Mercedes-Benz.
Experts say Tesla’s entry could accelerate EV innovation and bolster India’s push toward cleaner transportation.
Source: Agency