Tesla’s Entry into India

Tesla has confirmed its entry into the Indian market with the leasing of its first showroom in Mumbai, set to open in 2025.

• Location: Maker Maxity, Bandra Kurla Complex, Mumbai
• Lease Duration: 5 Years (starting February 2025)
• Annual Rent: $446,000, increasing by 5% annually

Tesla’s Manufacturing Plans in India

To make its EVs more affordable, Tesla is planning to set up a local manufacturing plant. Potential locations include:

• Gujarat
• Maharashtra
• Tamil Nadu

India is offering incentives to Tesla for local production, which could significantly reduce prices.

Challenges Tesla Faces in India

Despite its popularity, Tesla faces several hurdles in India:

• High Import Tariffs: Up to 100% tax on imported EVs.
• Infrastructure: Limited charging stations.
• Local Competition: Tata Motors, Mahindra, and BYD already dominate the EV market.

Expected Tesla Models & Pricing in India

Here are the Tesla models expected in India along with estimated prices:

Government Policies & US-India Trade Talks

The Indian government is considering reducing import tariffs for Tesla under certain conditions:

• Potential tariff reduction if Tesla commits to local manufacturing.
• Ongoing trade talks between the US and India regarding lower car import duties.