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Tesla To Open First Showroom In Mumbai Next Month

  • Tesla is set to make its India debut next month by opening its first showroom in Mumbai.
  • The company has imported Model Y SUVs from its Shanghai factory and plans to open showrooms in Mumbai and New Delhi.
  • Tesla has imported supercharger components, accessories, and spare parts for its India operations.
  • Import duties on the cars declared at INR 27.2 Lakh totaled more than INR 21 Lakh.
  • The Model Y is expected to be priced over $56,000 (INR 48.5 Lakh) in India.
  • India levies 70% customs duty on fully-built imported cars under $40,000.
  • Tesla is yet to finalize the Model Y's price based on its margin and positioning strategy.
  • The company has ramped up hiring and plans to expand its presence in India by offering more models.
  • Tesla has faced challenges in India over high tariffs and local manufacturing mandates.
  • The company is focusing on showrooms in India but put manufacturing plans on hold for now.

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