Elon Musk's Tesla launches Model Y in India starting at $69,770 as it prepares to open its first showroom in Mumbai. The company aims to compete with luxury brands like BMW and Mercedes-Benz in the electric vehicle market amidst rising demand for EVs in the country.

Tesla ( TSLA) officially launched in India on Tuesday, making a small bet on a country with massive growth potential.

With delivery estimated to start from the third quarter, Tesla will drive on to India's busy roads, targeting a niche premium EV segment that accounts for just 4% of overall sales in the world's third-largest car market.

Tesla's lower Model Y is priced at ₹59.9 lakh ex-showroom, while the long-range rear-wheel drive variant is priced at ₹67.9 lakh. Tesla also promises a free home charger for early buyers and charging stations in Mumbai,

In the US, the Tesla Model Y starts at $37,490, which converts to around Rs 31 lakh. But in India, the on-road price begins at Rs 61.07 lakh.

Tesla has launched its journey in India with the introduction of its popular Model Y. The rear-wheel drive (RWD) variant of the Model Y is priced at Rs 59.89 lakh (ex-showroom). The company has also unveiled the long-range RWD variant of the Model Y, priced at Rs 67.89 lakh.

Tesla has launched its Model Y SUV in India, opening its first retail outlet in Mumbai. Bookings are now available, with deliveries for the Standard variant expected soon. The Model Y competes in a growing EV market,

Tesla has finally entered India, thrilling fans—especially entrepreneurs who reserved their cars nearly nine years ago.