Tesla enters India with $70,000 Model Y as Musk yields to steep tariffs
MUMBAI (Reuters) -Tesla launched on Tuesday its Model Y at about $70,000 in India, a significant markup relative to its other major markets, reflecting the country's high tariffs on electric vehicle imports which CEO Elon Musk has long-criticised. With deliveries estimated to start from the third quarter, the U.S. automaker is targeting a niche electric vehicle segment in India that accounts for just 4% of overall sales in the world's third-largest car market. Tesla opened its first showroom in Mumbai on Tuesday and began taking Model Y orders on its website, marking its long-awaited entry into the market where Musk once had plans to open a factory.
15 Jul 03:30 · Yahoo Tech