Tesla to Open its First Showroom in India Tomorrow; What Models can we Expect in India?
Tesla is preparing to open its inaugural showroom in India, located in Mumbai's Bandra Kurla Complex, after prolonged anticipation regarding its entry into the Indian market. The showroom will span 4,000 square feet and operate on a direct-to-customer retail model, with local partners handling after-sales services. The Model Y is set to debut on July 15, with a projected price of approximately Rs 70 lakh. The Indian government has introduced tax exemptions to encourage electric vehicle manufacturing, potentially influencing Tesla's future plans.
Tesla to Open its First Showroom in India Tomorrow; What Models can we Expect in India?
American electric automaker, Tesla is set to inaugurate its first showroom in India after years of speculation of the electric automaker arriving in India. Elon Musk-owned Tesla has been a revelation when it comes to electric cars globally. However, it is uncertain that the company will open its manufacturing plant in the country or will it import cars as CBU from its manufacturing facility in China or Europe.
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The American automaker will open its first showroom in India in Mumbai at the Bandra Kurla Complex (BKC). The showroom is expected to be 4,000 square feet. Additionally, it will operate under Tesla’s direct-to-customer retail model whereas after-sales services are likely to involve local partners.
Tesla has confirmed that the Model Y will be the first car to come to India on July 15. Expected to be priced around Rs 70 lakh (ex-showroom), Tesla may add the Model 3, S, X and the Cybertruck to its India line-up as well. However, it remains to be seen which cars the electric automaker will bring to the Indian market.
Furthermore, this development comes on the back of the government announcing tax exemptions from 110% to 15% under the Scheme to Promote Manufacturing of Electric Passenger Cars in India. Additionally, companies would be allowed to import 8,000 vehicles on an annual basis on the reduced 15% taxation in exchange of investing Rs 4,150 crore for setting up local manufacturing facilities in the country.
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