logo
Is India Ready For Tesla? First Showroom Opens Today In Mumbai's BKC

Is India Ready For Tesla? First Showroom Opens Today In Mumbai's BKC

News1815-07-2025
Last Updated:
The Tesla Model Y is a mid-size electric SUV available in Long Range RWD and Long Range AWD variants.
After years of speculation, Tesla is all set to open its first showroom in India on Tuesday, 15 July.
The American electric vehicle giant will launch an experience centre at the Bandra Kurla Complex in Mumbai.
This marks the beginning of Tesla's journey in the world's third-largest car market, as the company looks to expand beyond its traditional strongholds and counter slowing global sales.
Tesla Model Y: All You Need To Know
To begin with, Tesla will be offering just one model in India — the popular Tesla Model Y. Six units of the Model Y SUV have been shipped from Tesla's Shanghai factory and will be used for display and demonstration. As per Carwale, the Tesla Model 3 might also be showcased, though there is no official confirmation regarding its sale yet.
The Model Y is a mid-size electric SUV known for its sleek design and powerful performance. It comes in Long Range RWD and Long Range AWD (Dual Motor) variants. The EV can go from 0 to 100 km/h in just 4.6 seconds and offers a range of up to 574 km, making it one of the most practical electric SUVs in its class.
How Much Will It Cost?
According to Reuters, Tesla's imports into India between January and June were worth nearly $1 million, including vehicles, chargers, and accessories. The imported Model Y units were priced at $32,500 to $46,000.
However, India's hefty 70 percent import tariff on fully built EVs could push the Model Y's price to nearly $56,000 (Rs 46-47 Lakh) — making it a luxury choice, accessible only to a select few.
What's Next for Tesla in India?
While the current launch is limited, Tesla's entry into the world's third-largest car market hints at bigger plans. As the EV ecosystem in India continues to grow, local production or assembly could follow in the future, bringing prices down and options up.
view comments
First Published:
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

US enters 90-day negotiating period with Mexico as 25% tariffs stay in place
US enters 90-day negotiating period with Mexico as 25% tariffs stay in place

Hindustan Times

time18 minutes ago

  • Hindustan Times

US enters 90-day negotiating period with Mexico as 25% tariffs stay in place

The United States will enter a 90-day negotiating period with Mexico over trade as 25% tariff rates stay in place, President Donald Trump said Thursday. Trump said that Mexico would end its 'Non Tariff Trade Barriers,' but he didn't provide specifics.(REUTERS) Trump, posting on his Truth Social platform, said a phone conversation he had with Mexican leader Claudia Sheinbaum was 'very successful in that, more and more, we are getting to know and understand each other.' The Republican president said that goods from Mexico imported into the US would continue to face a 25% tariff that he has ostensibly linked to fentanyl trafficking. He said that autos would face a 25% tariff, while copper, aluminum and steel would be taxed at 50%. He said that Mexico would end its 'Non Tariff Trade Barriers,' but he didn't provide specifics. Trump had threatened tariffs of 30% on goods from Mexico in a July letter, something that Sheinbaum said Mexico gets to stave off for the next three months. 'We avoided the tariff increase announced for tomorrow and we got 90 days to build a long-term agreement through dialogue,' Sheinbaum wrote on X. Some goods continue to be protected from the tariffs by the 2020 US Mexico Canada Agreement, or USMCA, which Trump negotiated during his first term. But Trump appeared to have soured on that deal, which is up for renegotiation next year. One of his first significant moves as president was to tariff goods from both Mexico and Canada earlier this year. Census Bureau figures show that the US ran a $171.5 billion trade imbalance with Mexico last year. That means the USwor bought more goods from Mexico than it sold to the country. The imbalance with Mexico has grown in the aftermath of the USMCA as it was only $63.3 billion in 2016, the year before Trump started his first term in office. Besides addressing fentanyl trafficking, Trump has made it a goal to close the trade gap.

From ‘Howdy Modi' to ‘Cannot Name Trump': How Modi Has Taken a Hit from Trump's Tariffs and Taunts
From ‘Howdy Modi' to ‘Cannot Name Trump': How Modi Has Taken a Hit from Trump's Tariffs and Taunts

The Wire

time19 minutes ago

  • The Wire

From ‘Howdy Modi' to ‘Cannot Name Trump': How Modi Has Taken a Hit from Trump's Tariffs and Taunts

Trump's actions hit directly at the pillars propping up Modi's domestic political strength in ways visible and hard to immediately fix. Prime Minister Modi, accompanied by US President Donald Trump, writes in the visitor's book at the White House. Photo: Press Information Bureau/GODL. New Delhi: US President Donald Trump's announcement of steep tariffs on India, his criticism of the Indian economy as "dead" and his public overtures towards Pakistan have placed Prime Minister Narendra Modi, more than India as a nation, in a uniquely difficult spot. While the impact on India as a country is tangible, it is a moment of political reckoning for Modi, who has been under pressure since the 2024 Lok Sabha elections when the BJP lost its majority in the house. Here are the reasons it places Modi in a tough spot. Destroys Modi's domestic image of a global statesman Modi has painstakingly cultivated an image of himself domestically as a top global leader exhibiting close personal friendships with the world's most influential heads of state, particularly in the US. Trump's public insults and punitive tariffs undermine this persona, making Modi appear ineffective or even powerless in protecting Indian interests and standing on the world stage. Under pressure from the US, he has already succumbed to China, even though Beijing continues to pile on pressure and refuses to make any concessions. This severely erodes Modi's political brand at home, where he and his party have used images from his foreign trips to project influence domestically. Political ammunition for domestic opposition With Trump – the first for an American president – openly criticising the Indian economy and labelling it 'dead', opposition parties such as the Congress have seized upon these remarks to portray Modi's economic approach and foreign outreach as failures. They argue that Modi's support of Trump during previous years has unravelled, leaving India diplomatically isolated and economically vulnerable. Modi's failure to name Trump in his Lok Sabha speech, despite an open challenge by leader of opposition Rahul Gandhi, has shown him as weak and scared of standing up to the US president. This provides ammunition for the opposition parties to politically target Modi when he is already being challenged by the Rashtriya Swayamsevak Sangh on the issue of the election of the new BJP president. Setbacks undermine Modi's central arguments The new US tariffs threaten to erode the competitiveness of Indian exports, damage investor sentiment and threaten to bury Modi's faltering attempts to get global manufacturing to India. Key labour-intensive sectors such as jewellery, textiles and certain electronics face certain job losses. These outcomes create immediate economic pain and threaten Modi's narrative of making India an economic powerhouse as the 'fourth-largest economy in the world'. If the US also follows through on penalties related to India's Russia policy, the fallout could be even more severe. Energy prices could rise and India's fiscal deficit could increase, putting further pressure on the budget and bringing greater distress to the people. Hyphenation with Pakistan sours nationalist dreams Trump's statements and overtures that club India with Pakistan, including praising a new US-Pakistan energy deal and openly patronising Islamabad, are a direct affront to Modi's narrative of India as a regional counterweight to both Pakistan and China. The perception that the US is tilting toward Pakistan, or using India-Pakistan tensions for leverage, is particularly damaging to Modi's core nationalist constituency, which takes pride in a strong, singular global standing for India. It believed that India cannot be equated with its neighbour or seen as needing US mediation to end the conflict. Modi's inability to secure even this basic gain of the UPA era damages his ' desh nahi jhukne doonga ' brand among his core Hindutva supporters. Loss of bargaining leverage hurts economy Modi's strategy had relied on fostering goodwill and leveraging the India-US relationship for favourable trade agreements and strategic cooperation. Trump's abrupt imposition of tariffs, at rates higher than those faced by competing Asian economies, signals that Washington is willing to use harsh tactics, regardless of personal or diplomatic ties. This despite Modi rushing to meet Trump after his re-election early this year. New Delhi is now left scrambling for a response, with very limited leverage, and must consider politically costly concessions or risk a further downturn in exports and economic growth. After 11 years of being in power, Modi can't shift the blame on anyone else and will be held accountable for the severe economic downturn in the public eye. In sum, Trump's actions and rhetoric hit directly at pillars propping Modi's domestic political strength and standing, in ways that are both visible and hard to quickly repair. The impact on India will be managed, but it is Modi, as a political leader and as an electoral brand, who now faces the greatest challenge in his eleven years in office. The Wire is now on WhatsApp. Follow our channel for sharp analysis and opinions on the latest developments.

Does Pakistan have enough oil deposits to lure US investment?
Does Pakistan have enough oil deposits to lure US investment?

India Today

time19 minutes ago

  • India Today

Does Pakistan have enough oil deposits to lure US investment?

US President Donald Trump's surprise announcement to develop Pakistan's 'massive oil reserves' has left many wondering: Does the Islamic nation really have oil deposits big enough to attract US companies?An analysis of the Pakistani government's data and official documents paints a different picture. advertisementDespite efforts, Pakistan's domestic oil production has been on the decline. Data shows it produced 89030 barrels of crude oil per day in 2019, which is projected to decline to 64262 barrels per day in OF TRUMP'S MOVEPresident Trump's announcement to develop 'massive oil reserves' appears to be based on two claims. The first one is based on a joint study between Pakistan's Ministry of Energy and the now-defunct United States Agency for International Development (USAID) in 2020. The study found:Free gas in-place: 3778 Trillion Cubic Feet (TCF)Technically recoverable free gas: 188 TCFRisked recoverable free gas: 95 TCFShale oil in-place: 2323 barrels per stock tank barrel (BSTB)Technically recoverable oil: 58 BSTBRisked recoverable oil: 14 BSTB Let's break down these technical terms. 'In-place' refers to the understanding of the total amount of oil sitting inside shale rocks underground, 'technically recoverable' refers to the amount of gas and oil that can be theoretically extracted. 'Risked recoverable' is the most realistic claim of the discovery of 'massive reserves' in Pakistan's territorial waters was published in Pakistani media in September 2024. A 'senior security official' told Pakistani media that the assessment was based on 3D seismic mapping – the first step in oil exploration. In 2019, American oil firm ExxonMobil drilled an offshore well, named Kekra-1, but couldn't extract any oil or gas, as per the company's annual report. ExxonMobil has returned to Pakistan after nearly a decade after surveys suggested the possibility of big oil reserves within Pakistani waters.'ExxonMobil, ENI, PPL [Pakistan Petroleum Limited], and OGDC [Oil & Gas Development Company Limited] were conducting the drill at Kekra-1. More than 5,500-metre-deep drilling was conducted, but oil and gas reserves were not found. The drilling work has now been abandoned,' DawnNewsTV quoted an official as saying. Caption: Most of the oil reserve sites fall in Balochistan, where an ethnic insurgency remains a security threat.)In consecutive energy outlooks, the Petroleum Institute of Pakistan (PIP), which represents all segments of the petroleum industry, has lamented the depleting oil and gas reserves. In its 200 energy outlook, the institute said Pakistan was facing issues such as old infrastructure, depleting indigenous resources and an increasing dependence on COMPANIES SAY GOODBYEFour major oil and gas companies have announced exits from Pakistan between 2021 and 2024. While Italy's ENI bid adieu in 2021 after two decades, Kuwait Foreign Petroleum Exploration Company sold its assets in multiple blocks to Pakistan Exploration Limited (PEL) in late sold its majority stake in Shell Pakistan in 2023 and TotalEnergies announced its Pakistan exit in late 2024.- EndsTune InMust Watch

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store