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The company’s model Y is the world’s best -selling electric car. These Indian customers may also like it.
Elon Musk’s electric vehicle company Tesla is scheduled to start its first store in India on 15 July. The store is opening in Mumbai and will work as an experience center for the people. That is, not only vehicles will be sold here, but people will also be able to see Tesla’s technology and features closely.
The company had signed a lease for a retail space of 4,000 sq ft at Brandra Kurla Complex in Mumbai in the past. This place is close to Apple’s flagship store located in the city. In the first phase, Tesla is bringing its model Y SUVs, which is imported from the Shanghai factory. Its price in India can be around 48 lakh rupees.
Import duty of 21 lakhs on a car worth Rs 48 lakh
- According to Bloomberg report, five models Y vehicles have already reached Tesla’s showroom in Mumbai from the Shanghai factory in China.
- The price of these trains of Tesla is ₹ 27.7 lakh and they have been imposed import duty of more than ₹ 21 lakhs. That is, the price will be around 48 lakhs.
- This duty is according to the 70% tariff of India, which is imposed on imported vehicles priced less than $ 40,000. It also includes additional charges.
In the first phase, Tesla is bringing its model Y SUVs, which is imported from the Shanghai factory.
India Head resigns, Chinese team is handling operations
Despite the change in its leadership in India in recent times, Tesla seems to be moving forward with its planned rollout. The company’s India Head, Prashant Menon, resigned after nine years of service last month. According to Bloomberg News, Tesla’s China -based team is currently managing India’s operations, and no new successor has been appointed yet.
Model y world’s best -selling electric car
The company’s model Y is the world’s best -selling electric car. These Indian customers may also like it. The company has also imported supercharger components, car accessories, merchandise and spare from the US, China and Netherlands.
Tesla’s arrival in India is also special because India is the third largest automobile market in the world. The company is facing a decrease in sales in Europe and China, so India can prove to be a big opportunity for them.
Showroom fare around ₹ 35 lakh per month
According to reports, Tesla has hired a place for 5 years in the maker Maxity Building in BKC, Mumbai. Its fare is around Rs 35 lakh per month, which is one of the most expensive commercial rent in India. This showroom will display Tesla’s premium electric vehicles. Customers will also get a chance to test drive here.
Tesla has hired a place for 5 years in the maker Maxity Building in BKC, Mumbai.
The company will sell only imported cars in India right now
However, Tesla has not yet decided to set up its factory in India. Some time ago it was reported that Tesla is considering setting up factory in states like Gujarat, Maharashtra, Tamil Nadu and Telangana, but currently the company is focusing on selling only imported cars in India.
Tesla will have competition from Tata and Mahindra
The market of electric cars in India is still small, in 2023, only 2% of cars were electric. But the government targets that 30% new cars should be electric by 2030. Desi companies like Tata Motors and Mahindra are already present in this market and now the arrival of Tesla will increase the competition.
Tesla’s cars are known for their brilliant design, high-tech features and over-the-air software updates. The company has already started recruiting people for sales, service and delivery in India. Tesla’s arrival in India will not only promote electric cars, but it will also provide new technology and better options to Indian customers.
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Elon Musk’s electric car maker company Tesla is currently not planning to make cars in India. Heavy Industries Minister HD Kumaraswamy said on Monday that Tesla wants to open only two show rooms, it is not interested in manufacturing.
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