Tesla confirms India entry, to launch first store in Mumbai on July 15
As per sources, Tesla will start India operations by importing cars manufactured in its China facility. The company is reported to have imported a few Model Y cars from the Shanghai factory in China.
The particular model carries a price tag of around Rs 28 lakh per and will attract an import duty of more than Rs 21 lakh, given that India attracts a 70% tariff on imported cars priced below USD 40,000. The final ex-showroom price of Model Y is expected to be about Rs 50 lakh.
Last month, Tesla India took on lease 24,565 square feet warehousing space in Lodha Logistics Park in Mumbai for a period of five years. In June, Union Heavy Industries Minister H D Kumaraswamy stated that the Elon Musk-led company is not interested in manufacturing cars in India but keen on establishing showrooms in the country.
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