Tesla has announced the pricing of its first electric car for the Indian market. The Model Y SUV, which will be the company’s first offering in India, will be sold at a starting price of $69,766, according to the price list published on Tesla’s website on Tuesday, reported news agency reuters.
the rear-wheel drive is priced at Rs 60 lakh for a full cash purchase. The Model Y long-range rear-wheel drive variant is priced higher at Rs 68 lakh. These prices are for completely built units (CBUs) that will be imported into the country.
In comparison, the Model Y starts at $44,990 in the United States, 263,500 yuan in China, and 45,970 euros in Germany. This makes the Indian version one of the most expensive, mainly due to import duties and logistics costs.
India entry begins with Mumbai experience centre
Tesla has an experience centre in the Bandra Kurla Complex (BKC) in Mumbai. This area is one of the city’s most premium business hubs and will be the starting point for Tesla’s India journey.
The entry into India is part of Tesla’s broader push into growing electric vehicle (EV) markets. While India has been a late entrant into the EV space compared to China and the U.S., rising demand, expanding infrastructure, and government incentives are attracting global players.
Tesla is expected to import the Model Y units from its Gigafactory in Shanghai, which is the company’s main export hub for Asia and Europe. So far, six units of the Model Y SUV have been imported to India as test or display vehicles.
According to import data, Tesla has already brought in goods worth nearly $1 million to India in preparation for its launch. These include not only vehicles but also Supercharger equipment and car accessories. Most of these items have been sourced from Tesla’s facilities in China and the United States.
Since the Model Y will be sold as a fully imported vehicle, it will attract high customs duties and taxes in India. This increases the final price for customers, compared to other global markets where Tesla has local manufacturing or assembly.