Tesla has officially entered the Indian market with its first showroom at Mumbai’s Bandra Kurla Complex. The company has launched its popular compact electric SUV, the Model Y, priced from ₹60 lakh. This highly anticipated launch marks a significant milestone in India’s electric vehicle revolution.

In the US, the Model Y is priced at $37,490 (around Rs 32 lakh) after applying a $7,500 federal tax credit - almost half of what it costs in India.

Tesla launches the Model Y in India at $69,770, its highest global price, as it opens its first showroom in Mumbai and tests the premium EV market.

As Tesla’s first car for India, the Model Y will directly rival established luxury EV players such as the BMW X1 Long Wheelbase, Volvo C40, BYD Sealion 7, and Mercedes-Benz EQA.

Tesla Inc. opened its first India showroom, showcasing Model Y cars with a starting price of nearly $70,000, as Elon Musk’s electric-vehicle maker looks to tap new markets and offset slowing sales where it’s already well established.