Tesla has officially launched in India, offering the Model Y starting at around $70,000. The company has opened its first outlet in Mumbai, marking a significant milestone in its expansion into the Indian car market.
Model Y Pricing and Features
The Model Y rear-wheel drive trim will be sold in India for over 6 million INR (approximately $70,000). The long-range rear-wheel drive model will retail for 6.8 million INR (roughly $79,000). Additionally, Tesla will offer Full Self-Driving (FSD) in the country for an extra 600,000 INR (approximately $7,000).
First Official Outlet in Mumbai
The company’s first official outlet in India is located in Mumbai, the country’s financial capital. This move marks a significant step in Tesla’s efforts to tap into the Indian market.
Challenges and Opportunities
Tesla had been eyeing an entry into the Indian market for some time but faced challenges due to steep import duties levied by the Indian government. However, the government’s decision to slash duties from 110% to 15% on luxury EV imports has provided a major boost to the company’s India ambitions.
Future Plans and Developments
In other news, Elon Musk has teased an “epic” demo by Tesla scheduled for the end of the year, leading to speculation about the company’s Optimus humanoid robots and the highly anticipated Cybercab.
Key Takeaways
- Tesla has launched in India with the Model Y starting at around $70,000.
- The company has opened its first outlet in Mumbai.
- Tesla will offer FSD in India for an extra 600,000 INR (approximately $7,000).
- The government’s reduction in import duties has facilitated Tesla’s entry into the Indian market.
Conclusion
Tesla’s entry into the Indian market marks a significant milestone in the company’s expansion efforts. With its cutting-edge technology and innovative products, Tesla is poised to make a significant impact in the Indian car market.