Tesla Model Y hits Indian market at $69,751 price tag

Tesla has officially launched the Model Y electric SUV in India, with prices starting at approximately ₹5.9 million for the standard model and ₹6.8 million for the long-range variant, significantly higher than in other major markets.

The pricing of the Model Y in India is notably greater than in the U.S., China, and Germany, where it is much lower, highlighting the challenges Tesla faces in entering the Indian market.

This entry represents a significant milestone for Tesla as it aims to enhance its presence in India's growing electric vehicle sector, coinciding with discussions on investments in local manufacturing with the Indian government.

Tesla's Entry into the Indian Market: A New Era for Electric Vehicles

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Tesla (NASDAQ: TSLA) has made its highly anticipated debut in the Indian automotive market with the introduction of the Model Y electric SUV, which is listed at approximately ₹6 million (around $69,751) according to the pricing information available on its website.

The company is offering two distinct variants of the Model Y for Indian consumers: the standard rear-wheel drive model priced at ₹5.9 million and the long-range rear-wheel drive variant available for approximately ₹6.8 million. Both options can be purchased outright.

It is important to note that the pricing in India significantly exceeds that of other major markets. For instance, the Model Y starts at $44,990 in the United States, 263,500 yuan (roughly $36,000) in China, and €45,970 (about $50,000) in Germany.

This launch signifies an important milestone for Tesla and its CEO, Elon Musk, as the company seeks to strengthen its presence in India's rapidly expanding electric vehicle sector. The announcement coincides with ongoing negotiations between Tesla and Indian government officials regarding potential investments in local manufacturing and supply chain enhancements.