&w=3840&q=100)
Tesla Model Y launches at ₹60L in India: Here's how much it costs worldwide
Boris Pradhan New Delhi
Tesla has officially introduced the Model Y in India, with prices beginning at ₹60 lakh, according to a pricing catalogue released on its website on Tuesday. Indian customers can choose between two variants:
Model Y Rear-Wheel Drive (RWD): ₹60 lakh
Model Y Long Range AWD: ₹68 lakh
The company is opening its first experience centre in Mumbai's Bandra Kurla Complex (BKC) today, marking its formal entry into the Indian automotive retail market. Retail sales will be conducted through imported units, with five Model Y vehicles already delivered to Mumbai from Tesla's Shanghai facility.
What the Tesla Model Y costs in other countries
Here is how the Model Y pricing compares globally (converted to USD where applicable):
United States
- Rear-Wheel Drive: $44,990 (before any federal tax credits)
- Long Range AWD: $46,630 (MSRP)
Eligible buyers may receive a $7,500 federal EV tax credit.
China
- Rear-Wheel Drive: ¥263,500 ($36,430)
- Long Range AWD: ¥313,000 ($43,270)
Dubai
- Rear-Wheel Drive: AED 198,170 ($54,000)
- Long Range AWD: AED 239,770 ($65,000)
Japan
Pricing is approximately ¥5 million ($37,000)
Germany
Long Range AWD: €45,970 ($50,925)
France
Tesla has not released a specific price, though it typically aligns with Germany
Canada
Import duties push prices 10–15 per cent higher than in the US
Estimated at CAD 55,000 to 60,000 ($40,000 to $44,000)
Brazil
Tesla has not officially launched the Model Y in Brazil
These prices exclude destination charges, local taxes, registration fees, and incentives, which vary by market.
Global pricing could pose a challenge in India
The wide pricing gap between India and other key markets may make the Model Y a tough sell in price-sensitive segments. The starting price in India is significantly higher than in China or North America, largely due to import duties and shipping costs. Tesla's strategy will likely depend on how consumers respond to the premium and whether localisation moves forward.
Tesla store opens in Mumbai's BKC
The electric vehicle manufacturer secured the lease for its Mumbai location in March and has since ramped up hiring while exploring additional sites in New Delhi. Tesla's entry into India has been years in the making, with the company—led by Elon Musk—repeatedly calling for lower import duties.
While retail operations are now underway, reports suggest Tesla is currently 'not keen' on producing components domestically.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Hindustan Times
7 minutes ago
- Hindustan Times
WeWork India gets SEBI nod to launch IPO, promoters to sell shares to monetise investments
New Delhi, Jul 15 (PTI) Co-working major WeWork India has received market regulator Sebi's go-ahead to launch its Initial Public Offering (IPO), enabling the promoters to monetise their investments amid record demand for office spaces across the top seven cities. Co-working major WeWork India has received market regulator Sebi's go-ahead to launch its Initial Public Offering (IPO), enabling the promoters to monetise their investments amid record demand for office spaces across the top seven cities. (Picture for representational purposes only)(Pixabay) Bengaluru-based WeWork India Management Ltd, which filed its Draft Red Herring Prospectus (DRHP) in February, obtained observations from the markets regulator on July 8, an update with the SEBI showed on Tuesday. Established in 2017, WeWork India is promoted by Bengaluru-based real estate company Embassy Group. It has the exclusive license of the 'WeWork' brand in India. Also Read: Incuspaze acquires Pune's Trios to expand coworking biz, targets ₹350-400 crore During the 2023-24 fiscal, WeWork India posted a net loss of ₹135.83 crore over a total income of ₹1,737.16 crore. The company, however, posted a profit of ₹174.13 crore in the first six months of the 2024-25 fiscal. Total income stood at ₹960.76 crore during the April-September period of the 2024-25 financial year. In WeWork India, Embassy Group has around 76.21 per cent stake while WeWork Global owns 23.45 per cent. As per the DRHP, the proposed IPO is entirely an Offer for Sale (OFS) of up to 4.37 crore equity shares. Promoter group firm Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd (part of WeWork Global) will offload shares. Through the OFS, Embassy Buildcon LLP will sell up to 33,458,659 equity shares, while 1 Ariel Way Tenant Ltd up to 10,295,293 shares. Since it is an OFS, WeWork India will not receive any proceeds from the IPO. On Monday, Smartworks Coworking Spaces Ltd's ₹583 crore IPO was subscribed 13.45 times. Awfis and EFC (I) Ltd are already listed on the stock exchanges. Co-working operators are tapping capital markets to raise funds for expansion amid rising demand for both conventional and flexible managed workspaces. In its draft papers, WeWork India stated that the object of the offer is to achieve the benefits of listing the equity shares on the stock exchanges. "Our company expects that listing of the equity shares will enhance our visibility and brand and provide liquidity to its existing shareholders. The listing will also provide a public market for the equity shares in India," WeWork India had said in the DRHP. Also Read: Mumbai real estate: WeWork India leases 1.26 lakh sq ft of commercial space in Powai for ₹1.38 crore monthly rent WeWork Global had in June 2021 invested USD 100 million in WeWork India. In January this year, the company raised ₹500 crore through a rights issue, mainly to reduce debt and achieve further growth. WeWork India provides flexible, high-quality workspaces to customers, which include companies of all sizes as well as individuals. It primarily leases Grade A office space from leading developers across Tier 1 cities and designs, builds, and operates them as flexible workspaces. Its portfolio comprises 77 lakh square feet of area, of which 70 lakh square feet is already operational. The operational desk capacity has reached 1.03 lakh. The company has a presence in Bengaluru, Mumbai, Pune, Hyderabad, Gurugram, Noida, Delhi, and Chennai. It has more than 500 employees.


Mint
7 minutes ago
- Mint
JP Morgan posts strong second quarter numbers, though Dimon warns of tariff, geopolitical risk
Washington, Jul 15 (AP) JPMorgan's second-quarter profit fell to USD 14.2 billion in second quarter, but the New York bank beat Wall Street expectations. CEO Jamie Dimon on Tuesday touted another strong performance by the bank, particularly its markets division, where revenue rose by 15 per cent to USD 8.9 billion. JPMorgan earned USD 4.96 per share in the period, adjusted for one-time items, beating the USD 4.48 per share that analysts were forecasting, but down from last year's USD 6.12 per share. Dimon said the US economy remained resilient in the second quarter, highlighting tax reform and the potential for more deregulation. However, he noted that plenty of risks remain, including tariffs and trade uncertainty, worsening geopolitical conditions and elevated fiscal deficits. 'The finalization of tax reform and potential deregulation are positive for the economic outlook, however, significant risks persist – including from tariffs and trade uncertainty, worsening geopolitical conditions, high fiscal deficits and elevated asset prices,' Dimon said in prepared remarks. Dimon often weighs in on global and economic issues that go beyond the scope of banking. He's seen as the banker that Washington and global leaders can turn to for advice, solicited or unsolicited. His comments tend to reverberate through Washington and Corporate America. JPMorgan's net interest income, the difference between the interest the bank takes in on its loan portfolio and the interest in pays out on customer deposits, rose 2 per cent to USD 23.3 billion. The country's biggest banks have benefitted from higher interest rates for the last two years, but many expect the Federal Reserve to cut its benchmark lending rate up to two times this year, which will impact banks' bottom line. Total managed revenue hit USD 45.7 billion, also beating expectations but below last year's USD 51 billion. Wall Street was expecting revenue just under USD 44 billion. Shares of JPMorgan shifted between tiny gains and losses before the bell Tuesday, while broader US markets were essentially flat. (AP) PY PY


Time of India
16 minutes ago
- Time of India
Suits & Sayings: Seniority Complex
ZAHID Tales of egos clouding commercial judgement are commonplace but when it strains a long-standing strategic relationship , one tends to take note. This large investment firm , a proxy for a cash-rich city state, had been exploring a potential investment in the niche retail business of this Indian conglomerate that's been facing headwinds. But a senior executive of the homegrown group was peeved when he learnt that a junior from the foreign firm wanted to clarify a few minor points over a call and apparently lost his cool. He wanted a meeting of equals. That didn't go down well at all and last heard, the overseas investor has politely declined to participate in the ongoing fundraising. Suits & Sayings