As India cements its position as one of the world’s most dynamic economies and the third-largest car market globally, international attention is intensifying. Reflecting this shift, Elon Musk’s electric vehicle giant Tesla is now steering into the Indian market, marking a significant moment in the country’s automotive evolution. The company’s first showroom in India is set to open this July in Mumbai, with plans to expand into New Delhi soon after.
Model Y to Lead Tesla’s Debut in India Amid Global Market Shift
The initial phase of Tesla’s entry will see the launch of the ‘Model Y’ electric SUVs in India. Five units have already been imported for the purpose. While the base price is expected to be around Rs 27–30 lakh, the final price will rise once import duties and taxes are added. The move comes at a time when Tesla is facing declining sales in major markets like Europe and China, making India’s growing market even more attractive.
Tesla has acquired 4,000 square feet of commercial space in Mumbai’s upscale Bandra Kurla Complex (BKC) for its first showroom, with a monthly rent of Rs 35 lakh. The lease agreement spans five years, and includes a five percent annual hike, which will eventually raise the rent to Rs 43 lakh per month. The per square foot rental cost stands at Rs 881, and Tesla has already paid a security deposit of Rs 2.11 crore. In addition to the BKC showroom, Tesla has secured another location in Phoenix Market City, Kurla, near BKC. This additional facility can accommodate up to 30 employees, indicating plans for a sizable operational base in the city
Delhi Expansion and Talent Hunt Signal Full-Scale Market Entry
Meanwhile, the company has also identified Aerocity in Delhi for its presence in the northern market. In preparation for its launch, Tesla has initiated recruitment in India. Job postings on the company’s LinkedIn page have advertised 13 openings, including roles in customer service, back-end operations, service technicians, and advisory positions, mainly in Mumbai and New Delhi.
Though Tesla has not yet announced an official launch date for vehicle sales in India, its activities suggest that full-scale operations are imminent. Tesla’s Chief Financial Officer, Vaibhav Taneja, had earlier stated that the company would enter the Indian market at the “right time.”
Adding to the anticipation, pictures of the Model Y SUV undergoing testing on Indian roads were recently circulated, signalling serious intent. While there has been no official word from Tesla on which models will be available, indications suggest that both the Model Y and Model 3 are being evaluated for Indian conditions.
India’s growing prominence in the global economy, coupled with a burgeoning demand for sustainable transport, has clearly placed it on the radar of global EV leaders. Tesla’s upcoming launch is not just a business move, it is a recognition of India’s ascent as a key player in shaping the future of mobility.
Comments