<ul data-eligibleForWebStory="false"><li>Tesla is opening a 4,000-square-foot showroom in Mumbai's financial district, showcasing Model Y crossovers made in China with a price over $56,000.</li><li>Tesla's entry into the Indian market aims to gauge demand for EVs and build the brand's image, with no immediate plans for a manufacturing plant in India.</li><li>Despite facing challenges in core markets like China and the US, Tesla sees India as an opportunity due to relatively low EV penetration and untapped market potential.</li><li>Tesla will compete with luxury carmakers in India, but few may afford its vehicles, with discussions ongoing about potentially reducing tariffs on automobiles in a US-India trade deal.</li></ul>

Tesla’s long-awaited India debut bets on luxury vehicle buyers

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