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Tesla will start operations in India with the inauguration of its first dealership in Mumbai by mid-July and one in Delhi around the same time
Tesla, the Elon Musk-led EV brand, is all set to inaugurate its first showroom in India by mid-July. Of late, we have been hearing about the world’s biggest electric car company making entry into the Indian market and now sources tell us that Tesla will finally start sales and operations in the coming 2-3 weeks. The dealerships in Mumbai and Delhi will start retailing Model Y as the first Tesla EV available for Indian buyers. The first set of Model Y electric SUVs have been imported in India from the company’s factory in China.
Apart from a few units of the rear-wheel-drive Model Y, Tesla has also shipped a few components of its Supercharger network in India from the US, China and Netherlands. Further, spare parts, accessories and merchandise have also been imported into our country so that it can kick start sales operations in the next one month or so.
Tesla has always been reluctant regarding its entry in India due to disagreements with the government over local manufacturing and import tariffs. Earlier this year in Feb, Tesla CEO Elon Musk had met Indian Prime Minister Narendra Modi in the US. Post that, the Union Government in India had laid out a new EV policy with lesser import duties, if the automaker commits to set up a factory in India within three years and start local production.
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The documents accessed by Bloomberg revealed that five units of Tesla Model Y have been shipped from the Shanghai factory to Mumbai, India. The cost of these electric cars is claimed as 2.77 million rupees ($31,988). The import tariff attracted by these SUVs is valued at 2.1 million rupees. Just so you know, Model Y is the world’s highest-sold electric car till date.
Tesla Model Y price in India is expected to be around $56,000 (Around Rs 49 lakh). However, the eventual pricing will be decided by the company closer to the launch date, but its likely to be around Rs 50 lakh (ex-showroom), more or less. The Model Y is sold at $44,990 (Around Rs 39 lakh) in the American market. Moreover, after the government subsidies and tax credits, the buyers pay around $37,490 (Around Rs 32 lakh).
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As far as India is concerned, the electric car segment is still in early stages and accounts for only 5 percent of the overall passenger vehicle sales. However, the premium models contribute to just 2 percent in the total new car sales in the Indian market. Hence, pricing the Model Y sensibly and making it appear a value-for-money deal to the buyers will be the biggest challenge for Tesla.
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