Tesla has launched its Model Y in India, pricing it at around $70,000 due to high import tariffs. Deliveries are expected to begin in the third quarter, as Tesla targets a niche electric vehicle segment. The company competes with luxury brands like BMW and Mercedes-Benz, while domestic players are Tata Motors and Mahindra Auto. The initial price points reflect significant markups compared to major markets. Tesla's first showroom opened in Mumbai, showcasing vehicles and plans for a charging infrastructure in the country.
Tesla has launched its Model Y in India for about $70,000, reflecting the country's high tariffs on electric vehicle imports, which CEO Elon Musk has long criticised.
Deliveries of the Model Y are estimated to start from the third quarter, targeting a niche electric vehicle segment in India that accounts for just 4 percent of overall sales.
Tesla's Model Y rear-wheel drive is priced at about $70,000, while its long-range variant costs roughly $79,000, including tariffs and additional levies.
Tesla displayed two Model Y cars made in China at its first showroom in Mumbai and announced the installation of superchargers at eight different locations.
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