<ul data-eligibleForWebStory="false"><li>Tesla Inc. has launched a showroom in Mumbai's Bandra Kurla Complex as part of Elon Musk's plans to enter India's premium electric vehicle market without local manufacturing.</li><li>The China-made Model Y will be sold at a price significantly higher than its US version, around $56,000, targeting the luxury car segment in India.</li><li>Tesla's entry into India aims at gauging demand for EVs, building the brand image, and exploring a relatively untapped market amidst challenges in China and the US.</li><li>While India represents an opportunity for growth, the high price of Tesla vehicles may limit sales, with the country's EV penetration under 5% and luxury cars constituting just 1% of total vehicle sales.</li></ul>

Elon Musk Brings Tesla To India — But Who’s It Really For?

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