Tesla has officially entered India market and it opens it’s first showroom in Mumbai wit launch of Model Y electric vehicle, which priced start from Rs.60 Lakh.
The showroom is situated in the upscale Maker Maxity Mall at Bandra Kurla Complex (BKC). The sleek new showroom marks Tesla’s much-awaited entry into India’s booming automobile market — the third largest in the world.
Reuters reported that, the Tesla also unveiled the price of the new much awaited Model Y at Rs.61 Lakh. The rear-wheel drive variant will be the offered at a cash price of Rs.59.89 lakh, as Tesla gears up its first launch in India.
The Tesla logo stood out boldly in black against a minimalist white backdrop inside the store, while a partially covered Model Y displayed behind sleek glass panels attracted a small but intrigued crowd.
At the inauguration event, Maharashtra Deputy Chief Minister Devendra Fadnavis expressed the state’s strong interest in partnering with Tesla. He extended an open invitation to the global electric vehicle giant to consider Maharashtra for setting up its research, development, and manufacturing facilities.
“We hope to see Tesla conduct its R&D and manufacturing operations here in India. I’m confident the company will consider this at the right time,” Fadnavis stated.
Consider Maharashtra as a partner in your journey,” he added.
The CM said Mumbai is not just as the financial, commercial and entertainment capital of India, but also an entrepreneurial hub.
“Mumbai stands for innovation and sustainability,” Fadnavis said.
The CM said Tesla is more than an automotive company.
“Tesla is not just a car company, it is all about design, innovation and sustainability, that is why it is loved globally,” he said.
What will the cost of Tesla Cars in India
Tesla is set to enter the Indian market with two versions of its popular Model Y SUV. The rear-wheel drive variant will be priced at ₹60.1 lakh (approximately $70,000), while the long-range version will cost ₹67.8 lakh (around $79,000).
These prices are considerably higher than in other major markets — for instance, the Model Y starts at around ₹38.6 lakh ($44,990) in the United States, ₹30.5 lakh ($36,700) in China, and ₹46 lakh ($53,700) in Germany. The steep pricing in India is largely attributed to the country’s high import duties on fully built electric vehicles.
Despite the premium cost, Tesla is expected to cater to affluent urban buyers and luxury EV enthusiasts. It will be entering a high-end electric vehicle segment in India currently dominated by German brands such as BMW and Mercedes-Benz.
