Tesla debuts in India
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Vantage with Palki Sharma | N18G Elon Musk's car company Tesla has opened its first-ever showroom in India. For now, Tesla is only offering one model, the Model Y, for sale in India. Will Tesla be able to crack the Indian car market?
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He also mentioned that Indians have been paying absurd taxes all along and asked people to check their car invoices once again.
After a long, long wait, Tesla has finally arrived in India, opening its first showroom in Mumbai. Its Model Y, priced between Rs 61-69 lakh on-road, is up for sale. But can Indian customers afford Elon Musk’s EV?
Tesla has made its long-awaited entry into India with the opening of its first showroom — nine years after CEO Elon Musk first teased the move in April 2016 and following years of delays and shifting timelines in one of the world’s largest automotive markets.
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Experts told CNBC that Tesla will compete in the premium segment of the market with the likes of BMW, rather than with local EVs like those from Tata Motors.
With its sales cratering in the West, the electric vehicle giant is making a high-stakes pivot to the world's third-largest auto market.
Tesla has arrived in India, with its first showroom in Mumbai and plans underway for a second outlet in Delhi.