• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Social icon element need JNews Essential plugin to be activated.
Wednesday, April 29, 2026
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

Musk’s Tesla marks formal India entry with Mumbai launch event

July 11, 2025
in Markets
Musk’s Tesla marks formal India entry with Mumbai launch event

Tesla will open its first India showroom in Mumbai next week, having imported $1 million worth of cars and merchandise, marking its entry into the world’s third-largest car market despite CEO Elon Musk’s complaints about high import tariffs.

In an invitation to media late Thursday, the carmaker said the July 15 event was the “launch of Tesla in India through the opening of the Tesla experience centre at Bandra Kurla Complex,” located in the city’s leading commercial business district.

Grappling with excess manufacturing capacity at its other factories and falling sales, Tesla has pivoted to selling imported cars in India on which it will need to pay about 70% import duty and other levies.

Commercially available custom records from January to June showed Tesla imported vehicles, chargers and accessories into India worth close to $1 million, mainly from China and the United States.

The vehicles included six of Tesla’s best-selling Model Y at a shipment value of $32,500 each for five cars, and $46,000 for the long-range version, as well as several Superchargers.

Indian Prime Minister Narendra Modi’s government has for years wooed Tesla, including forming a new policy to attract the carmaker to build its EVs locally.

Last year, Musk had planned to visit India where he was expected to announce an investment of $2 billion-$3 billion, including in local EV manufacturing. But he cancelled the trip at the last moment.

Tesla has conveyed it is not interested in manufacturing in India at the moment.
U.S. President Donald Trump has said that if Tesla were to build a factory in India to circumvent that country’s tariffs, it would be “unfair” to the U.S.“

Tesla to expand robotaxi service to San Francisco Bay Area within two months

Tesla has hired for several of the three dozen positions it advertised in India earlier this year, bringing on board store managers, sales and service executives. It is looking for supply chain engineers and vehicle operators for its autopilot ambitions.

Tags: TeslaTesla’s electric vehicles
Previous Post

Rubio to meet China’s Wang Yi in Malaysia amid trade tension

Next Post

Pakistan tenders to buy 300,000 to 500,000 metric tons of sugar

American Dollar Exchange Rate
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Social icon element need JNews Essential plugin to be activated.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Hacklink Satın Al