Latest news with #Fadnavis
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Business Standard
9 hours ago
- Automotive
- Business Standard
EV giant Tesla's Model Y in India to cost more than in US or Europe
Tesla opens bookings for Model Y in India at up to ₹67.89 lakh due to high import duties, with first deliveries expected later in 2025 from Shanghai plant Sohini Das Mumbai On a rain-soaked Tuesday morning in Mumbai's commercial hub, Bandra Kurla Complex (BKC), a large crowd of media personnel gathered outside American electric vehicle (EV) giant Tesla's first Indian 'Experience Centre'. A middle-aged woman with her teenage daughter in a pink raincoat stood among curious onlookers outside the showroom. 'I've been following news on Tesla and thought of dropping by since I was in the neighbourhood,' she said, adding that the brand already enjoys strong recall in India for its driverless car technology. However, Tesla is not bringing its full self-driving (FSD) technology to India just yet. Maharashtra's Chief Minister Devendra Fadnavis emerged from the 4,000 sq. ft showroom displaying two Tesla Model Y cars—one white, one red. 'Consider Maharashtra as a partner in your journey,' said Fadnavis, expressing hope that Tesla would consider setting up R&D and manufacturing facilities in India. He recalled riding a Tesla vehicle in the US back in 2015. Tesla opened bookings for the Model Y—billed as the world's bestselling car in 2023 and 2024—at ₹59.89 lakh for the rear-wheel drive (RWD) version and ₹67.89 lakh for the long-range RWD. This makes it more expensive in India than in markets like the US (₹40 lakh), China (₹31.5 lakh), or even Germany (₹46 lakh), owing to import duties and shipping costs. India imposes tariffs of 70 to 110 per cent on fully built imported cars. The vehicles will initially be imported from Tesla's Shanghai plant. The company will begin deliveries of the Model Y RWD in late Q3 calendar 2025, and the Long Range RWD variant in Q4CY2025. Bookings can be made on the Tesla website for ₹22,000 or directly at the Mumbai showroom. Coincidentally, Vietnamese automaker VinFast also began bookings on Tuesday for its premium electric SUVs, the VF 6 and VF 7, with a ₹21,000 booking amount. Fadnavis expressed confidence in Tesla's success in India. 'People in India are eagerly waiting for Tesla. I am sure you will find one of your best markets here once you start deliveries,' he said. Mahindra Group Chairman Anand Mahindra welcomed Tesla with a post on X (formerly Twitter): 'Welcome to India, @elonmusk and @Tesla. One of the world's largest EV opportunities just got more exciting. Competition drives innovation, and there's plenty of road ahead. Looking forward to seeing you at the charging station.' Tesla's Model Y (500–622 km range, 0–100 km/h in 5.6–5.9 seconds, 15.4-inch touchscreen) faces stiff competition in India. Rivals include the BYD Seal Performance (₹53 lakh, 580 km range, 0–100 km/h in 3.8 seconds, 15.6-inch rotating screen, panoramic sunroof) and the Kia EV6, priced ₹60–65 lakh with a 708 km range. The Mercedes EQB is priced at around ₹72 lakh, and the BMW iX1 ranges from ₹50–65 lakh. Tesla's entry into India is widely seen as a move to offset slowing momentum in its key markets—the US and China. Chinese rival BYD is closing in, having sold 1.76 million EVs in 2024 compared to Tesla's 1.79 million. India holds promise, particularly in the luxury EV segment. According to VAHAN data, EVs accounted for 11 per cent of luxury vehicle sales between January–May 2025, up from 7 per cent during the same period in 2024—a 66 per cent year-on-year rise. However, luxury cars priced above ₹55–60 lakh still represent just around 1 per cent of the Indian passenger vehicle market, which ranks third globally. Isabel Fan, Tesla's Director for Southeast Asia, told reporters the company will set up 16 Supercharger stations and after-sales service centres in both Mumbai and Delhi. Each city will also have 15–16 slower destination chargers. Additionally, Tesla is offering free home charging installation for a limited period. While India could emerge as a significant market for Tesla globally, the launch event in Mumbai was underwhelming. Unlike Apple's 2023 BKC store launch, which saw CEO Tim Cook in attendance, Tesla's CEO and co-founder Elon Musk was notably absent. The event was marred by poor organisation and confusion. Several bystanders expressed disappointment at the high pricing. 'I was eagerly waiting for the Tesla, but expected it would be priced around ₹30–35 lakh, similar to the US. I would have considered it alongside a Mahindra or Tata EV. But now, I'm not sure it lives up to the hype at this price,' said a young banker working in the same complex.
India.com
9 hours ago
- Automotive
- India.com
Tesla Debuts In India: Maharashtra To Become Country's Largest EV Manufacturing Hub, Says CM Fadnavis
Mumbai: Chief Minister Devendra Fadnavis on Tuesday expressed confidence during the inauguration of Tesla's Experience Centre that Maharashtra will become the state with the highest electric vehicle (EV) manufacturing capacity in India. Tesla Debuts In India World-renowned EV manufacturer Tesla has officially entered the Indian market, and its first Experience Centre in the country — located in Mumbai — was inaugurated by CM Fadnavis. Transport Minister Pratap Sarnaik, Principal Secretary/CEO Kaustubh Dhavse, and Tesla representatives were also present. CM Fadnavis said this was a momentous occasion for Maharashtra and Mumbai, as "the world's smartest car" arrives in India and officially launches with the support of the Union government. Welcome to India @Tesla Inaugurated Tesla's first-ever Experience Centre in India at BKC, Mumbai, is not just the inauguration of an Experience Centre ; it's a powerful statement—Tesla is here, and it's chosen the right city and the right state: Mumbai, Maharashtra!"… — Devendra Fadnavis (@Dev_Fadnavis) July 15, 2025 'The Mumbai centre is not just an Experience Centre but also serves as a delivery location, logistics hub, and service unit. Bookings for Tesla cars have also begun here,' he remarked. Tesla's global bestseller, the Model Y, was launched in India on Tuesday. Tesla Model Y Range According to the Chief Minister, the vehicle charges in about 15 minutes, offers a range of up to 600 km on a single charge, produces zero emissions, and is globally acclaimed for its safety features. CM Fadnavis said the state government has implemented a dynamic policy to promote EV adoption, offering special incentives for charging infrastructure, tax exemptions, and manufacturing support. 'Maharashtra will lead India's EV industry in the near future. After Mumbai, services will expand to two more Indian cities. In Mumbai alone, four large charging hubs and 32 charging stations are being set up,' he added. Maharashtra Government EV Policy The state government introduced the EV Policy 2025 in May this year, which encourages the use of electric vehicles across the state and aims to provide financial incentives and infrastructure support to achieve a 30 per cent increase in EV adoption by 2030. Incentives On EVs Under the policy, transport and commercial EVs are eligible for incentives of up to Rs 2 lakh, while electric buses can receive benefits of up to Rs 20 lakh. These incentives are available for up to 25,000 four-wheelers and 1,500 buses. Earlier, benefits for personal electric cars were capped at Rs 1.75 lakh. However, the new policy focuses exclusively on transport and commercial vehicles. No Toll On Major Expressways Adding further, electric cars and buses will be exempt from tolls on major expressways, including the Mumbai-Pune Expressway, the Mumbai-Nagpur Samruddhi Mahamarg, and the Mumbai Trans Harbour Link (Atal Setu). EVs registered in Maharashtra will also be exempt from road tax and registration fees. The policy envisions the installation of EV charging stations every 25 kilometres along state and national highways. Furthermore, every government parking lot must include at least one EV charging station. New residential buildings are required to have one community charging point, while new commercial buildings must allocate 50 per cent of their parking spaces for EV charging. Older commercial properties are required to dedicate 20 per cent of their parking for this purpose.
Hans India
10 hours ago
- Automotive
- Hans India
Maharashtra to become country's largest EV manufacturing hub, says CM Fadnavis
Mumbai: Chief Minister Devendra Fadnavis on Tuesday expressed confidence during the inauguration of Tesla's Experience Centre that Maharashtra will become the state with the highest Electric Vehicle (EV) manufacturing capacity in India. World-renowned EV manufacturer Tesla has entered the Indian market and their first Experience Centre in India — based in Mumbai — was inaugurated by CM Fadnavis, with Transport Minister Pratap Sarnaik, Principal Secretary/CEO Kaustubh Dhavse, and Tesla representatives also present. CM Fadnavis said this was momentous for Maharashtra and Mumbai, as "the world's smartest car" arrives in India, and officially starts here under Union government support. 'The Mumbai centre is not just an Experience Centre but also a delivery location, logistics and service unit. Bookings for Tesla cars have also begun here,' he remarked. Tesla's global bestseller, the Model Y, was launched in India on Tuesday. According to the CM, it charges in about 15 minutes, covers up to 600 km on a single charge, produces zero emissions, and is globally acclaimed for its safety features. CM Fadnavis said that the state government has implemented a dynamic policy to promote EVs, offering special incentives in charging infrastructure, tax exemptions, and manufacturing. 'Maharashtra will lead India's EV industry in the near future. After Mumbai, services will expand to two more Indian cities, and in Mumbai alone four large charging hubs and 32 charging stations are being set up,' he added. The state government introduced the EV Policy 2025 in May this year, which encourages the use of electric vehicles in the state and aims to provide financial incentives and infrastructure support to encourage a 30 per cent increase in EV adoption by 2030. According to the policy, transport and commercial EVs can receive incentives of up to Rs 2 lakh, while electric buses can get benefits of Rs 20 lakh. These incentives are available for a total of 25,000 four-wheelers and 1,500 buses. The previous rule limited benefits for personal electric cars to Rs 1.75 lakh, but this new policy only covers transport and commercial vehicles. Further, electric cars and buses won't have to pay tolls on major expressways, including the Mumbai-Pune Expressway, Mumbai-Nagpur Samruddhi Mahamarg, and the Mumbai Trans Harbour Link (Atal Setu). Moreover, EVs registered in Maharashtra will not have to pay road tax or registration fees. The policy envisages installation of charging stations every 25 kms on state and National Highways. Every government parking lot must have at least one EV charging station. New residential buildings must include one community charging point, while new commercial buildings should dedicate 50 per cent of their parking spaces for EV charging. Older commercial properties must allocate 20 per cent of their parking for this purpose.
United News of India
10 hours ago
- Automotive
- United News of India
Fadnavis inaugurates Tesla's first showroom in India
Mumbai, July 15 (UNI) Maharashtra Chief Minister Devendra Fadnavis today inaugurated the Tesla Experience Center at the Bandra-Kurla Complex here "I welcome Tesla to Mumbai. Tesla has come to the right city and the right state of Maharashtra. It is a matter of happiness for us that Tesla is launching its first showroom in India in Mumbai. It is setting up a logistics and servicing system here. Four big charging stations are also being built by Tesla here. I am happy that Tesla chose Maharashtra because this state has become a leader in electric mobility. Tesla is launching its Y model in India," Fadnavis said at the launch event. "India and especially Maharashtra now have a big and strong market for electric mobility. We are now also becoming a manufacturing hub for electric mobility. But I think Tesla will change the entire market. Tesla is not just a car company but also makes new designs. This is why Tesla is liked globally. Tesla should consider us as partners in their journey," Fadnavis said. Located in the heart of Mumbai at the Bandra-Kurla Complex (BKC), the 4,000-square-foot flagship Tesla showroom called the Tesla Experience Center, marks the beginning of the American electric vehicle giant's long-awaited entry into the Indian market. The Tesla Experience Center is expected to be followed by more outlets in major metros, including New Delhi. The rent for the showroom in Mumbai, is Rs 35 lakh per month. The storefront has been fully branded prominently with the Tesla logo and a partially covered white Tesla vehicle inside the showroom. The showroom will serve as the American electric vehicle maker's first physical presence in India. While billionaire Elon Musk's company has not yet confirmed plans for a manufacturing plant or an assembly facility in India, the showroom launch is being seen as a strategic move to gauge consumer interest and market potential. The showroom is currently showcasing the Model Y, Tesla's all-electric SUV. Six Model Y Tesla SUVs were imported from Shanghai to Mumbai for the opening on Tuesday, according to a showroom official. The Tesla Model Y is available in India, in two variants, namely Rear-Wheel Drive at Rs 59.89 lakh (ex-showroom price) and Long Range Rear-Wheel Drive priced at Rs 67.89 lakh (ex-showroom price). Bookings for the Model Y are now open, and deliveries are scheduled to begin in the third quarter of 2025, according to a showroom official. The Tesla Model Y comes in a standard Stealth Grey colour, while other options like Pearl White Multi-Coat, Diamond Black, Glacier Blue, Quick Silver and Ultra Red are available at an extra cost of up to Rs 1.85 lakh, depending on the colour chosen by customers, a showroom official said. The dashboard is simple and flat, with a soft-touch finish and a single horizontal line of ambient lighting running across its width. There are no physical buttons or dials since everything is controlled through the large 15.4-inch touchscreen in the centre. It features a three-spoke steering wheel with mounted controls. The centre console is wide and neatly designed, with covered storage compartments and a wireless charging pad. The vehicle's rear seats are also reclinable and passengers sitting behind can make use of a separate 8-inch touchscreen for entertainment as well as rear air conditioning vents. The vehicle is equipped with a 9-speaker sound system, ambient lighting, an air purifier, a wireless phone charger, connected car tech and even a powered bonnet, according to a showroom official. UNI XC BM
Indian Express
11 hours ago
- Automotive
- Indian Express
‘Tesla has arrived in the right city and state': CM Devendra Fadnavis welcomes Elon Musk's brand to Mumbai
Inaugurating Tesla's first India showroom in Mumbai Tuesday, which he described as an important day in the country's automobile sector, Maharashtra Chief Minister Devendra Fadnavis said the company 'stands for innovation and sustainability.' Tesla also rolled out its Model Y electric car – the first product to be available in the country under Elon Musk's brand – with a price tag starting at Rs 60 lakh. Speaking at the Tesla Experience Centre at the Bandra-Kurla Complex, Fadnavis said, 'This is not just the inauguration of an experience centre but a statement that Tesla has arrived, in the right city and state, that is Mumbai, Maharashtra. Mumbai stands for innovation and sustainability.' Transport Minister Pratap Sarnaik was also present. 'It is very important for Maharashtra that Tesla launched its first experience centre in Mumbai,' Fadnavis said, and emphasised how the state has worked towards a dynamic electric vehicle and electric mobility policy. 'It is a great moment for Maharashtra, and specially Mumbai, with the world's smartest car Tesla arriving in India,' the chief minister added. Tesla is also coming up with charging facilities in the region. According to Fadnavis, the Tesla centre in Mumbai will not just be an experience centre, but also a delivery point, logistics centre and servicing unit. Meanwhile, triggering much excitement among automobile enthusiasts, booking has started for the zero-pollution Model Y electric car which can travel for up to 600 km after being charged for 15 minutes. The Model Y, Tesla's mass-market SUV, will likely be available in rear-wheel drive and dual-motor all-wheel drive configurations. The car will be imported first and retailed via the experience centres. The Maharashtra government has a dynamic policy in place to promote electric vehicles. It includes charging infrastructure, tax incentives, and special incentives for manufacturing. In the coming days, Maharashtra will become a major leader in the EV sector, the chief minister said. In Mumbai, 32 charging stations will be installed. The services will be expanded to two other cities as well.
