Tesla Model Y in India: Elon Musk’s Tesla is set to launch its Chinese-made Model Y in India in July. The price of the car, excluding taxes and other charges, has been set at $56,000, according to reports.
Tesla Y Car in India: After years of anticipation, Tesla (TSLA) is set to launch the Model Y sedan, the world’s best-selling electric car, in India this July.
Tesla model y price
According to a Bloomberg report, the Elon Musk-led EV company’s India foray will start with models made in China, and the Model Y is set to be priced at $56,000 excluding taxes and other fees.
Tesla shares rose more than 2.2% in early trading on Friday. Retail sentiment towards Tesla shares has been in ‘bullish’ territory over the past week, according to Stocktwits data.
Tesla model y in india
The company is expected to bring the rear-wheel drive variant of the Model Y to India. The car is said to be manufactured in China.
The report said that Tesla will open a showroom in Mumbai by mid-July and another in Delhi. The company is also said to have imported Supercharger components, accessories, spare parts and merchandise from its facilities in the US, China and the Netherlands.
Tesla model y price in india
Tesla sells the same Model Y variant in the US for $44,990, and after the federal tax credit, the actual price comes to $37,490. The Tesla Model Y is expected to be priced starting at ₹70 Lakhs in India. While an exact launch date is not yet confirmed
If this comes to pass, it will bring an end to Tesla’s multi-year wait for an Indian launch. This comes after Musk met Indian Prime Minister Narendra Modi in February this year. However, it is unclear whether the meeting contributed to Tesla’s entry into the Indian market.
Meanwhile, the company is struggling in Europe. Tesla’s sales have been declining in the UK, Italy, Germany, France, Portugal and Spain, among other countries in the region.
Tesla’s stock is down nearly 21% year-to-date, but has risen nearly 77% in the past 12 months.
