The showroom, located in Mumbai, was inaugurated by Maharashtra state's chief minister Devendra Fadnavis and opened to select visitors on Tuesday. It will be open to the general public starting Wednesday.
The showroom, located in Mumbai, was inaugurated by Maharashtra state's chief minister Devendra Fadnavis and opened to select visitors on Tuesday. (Photo: X/@Dev_Fadnavis)
Vivek Mishra works as an Assistant Editor with Eastern Eye and has over 13 years of experience in journalism. His areas of interest include politics, international affairs, current events, and sports. With a background in newsroom operations and editorial planning, he has reported and edited stories on major national and global developments.
TESLA opened its first showroom in India on Tuesday, marking its entry into the country as the electric vehicle company looks for new customers amid declining sales in the United States and Europe.
The showroom, located in Mumbai, was inaugurated by Maharashtra state's chief minister Devendra Fadnavis and opened to select visitors on Tuesday. It will be open to the general public starting Wednesday.
Inaugurated Tesla’s first-ever Experience Centre in India at BKC, Mumbai, today.This 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!"… pic.twitter.com/4ilfAHCEoO — Devendra Fadnavis (@Dev_Fadnavis) July 15, 2025
Tesla is currently offering its Model Y vehicle in India and plans to begin deliveries of a more affordable variant later this quarter.
"This is the first launch of Tesla in India. It marks a huge milestone for Tesla globally," said Isabel Fan, the company's senior regional director. She added that charging stations will be set up soon in Mumbai and New Delhi.
Despite heavy rains, many onlookers gathered outside the Mumbai showroom to see the cars on display.
Tesla has expressed interest in entering the Indian market for several years but delayed its plans due to high import tariffs on electric vehicles.
Elon Musk had earlier described India as having "more promise than any large country" but has criticised its import duties, calling them among the "highest in the world".
The Indian government has said that it will consider lowering import taxes on electric vehicles if global automakers commit to significant investment and local manufacturing.
Tesla has not yet announced any plans to build a manufacturing plant in India.
According to local media reports, Tesla will initially sell cars imported from China.
As a result, the Model Y in India starts at around $70,000 on-road, as listed on the company's website, compared to the US price of $37,490 after a $7,500 federal tax credit.
Tesla's launch in India comes at a time when the company is facing slowing demand globally. The electric vehicle market, once led by Tesla, is now highly competitive, with rivals including BYD and other Chinese manufacturers.
India is the world’s third-largest car market, but Tesla is not expected to see large volumes in the near future due to the relatively early stage of the country’s electric vehicle sector and the high prices of its models.
Sales of electric vehicles in India reached about 100,000 in 2024, which is less than three per cent of total car sales.
Soumen Mandal, senior analyst at Counterpoint, said Tesla’s pricing puts it out of reach for most Indian buyers and places it in competition with luxury car brands.
"We don't expect Tesla to play the volume game right away given the price tag," Mandal told AFP.
"We project 500-700 units sold in initial months and then that to taper off to 200-300 (per month)."
India is currently in talks with the United States on a trade deal, which includes discussions on reducing tariffs on automobiles.
In February, Elon Musk held a one-on-one meeting with Indian Prime Minister Narendra Modi in Washington.
UK economy grew by 0.1 per cent in August, after contracting in July
IMF predicts Britain will have the second-fastest G7 growth in 2025
Economists warn growth remains weak ahead of Reeves’ November budget
Bank of England faces balancing act between inflation and sluggish growth
UK’s ECONOMY returned to growth in August, expanding by 0.1 per cent from July, according to official data released on Thursday. The slight rise offers limited relief to chancellor Rachel Reeves as she prepares for her November budget.
The Office for National Statistics (ONS) said gross domestic product for July was revised to show a 0.1 per cent fall from June, compared with a previous estimate that showed no change.
Earlier this week, the International Monetary Fund (IMF) said Britain’s economy is set to record the second-fastest growth among the Group of Seven nations in 2025, after the United States. However, with annual growth projected at 1.3 per cent, it remains insufficient to avoid tax rises in Reeves’ budget.
Fergus Jimenez-England, associate economist at the National Institute of Economic and Social Research, said early signs for September suggested limited growth in the third quarter. "Regaining momentum hinges on restoring business confidence and reducing uncertainty, which the government can support by setting aside a larger fiscal buffer in the upcoming budget," Jimenez-England said.
Sanjay Raja, chief UK economist at Deutsche Bank, said the figures indicated that the services and construction sectors were in a "pre-budget funk" and forecast that growth in the third quarter would be about half the Bank of England’s estimate of 0.4 per cent. "The UK economy has yet to see the full ramifications of the US trade war," Raja said. "Budget uncertainty is hitting its peak too – likely dampening discretionary household and business spending."
A Reuters poll of economists had forecast that GDP would expand by 0.1 per cent in August.
In the three months to August, growth rose slightly to 0.3 per cent from 0.2 per cent in the three months to July, supported by public health service activity while consumer-facing services declined, the ONS said.
The Bank of England, which held interest rates at 4 per cent in September, continues to navigate between persistent inflation and weak growth.
Governor Andrew Bailey said on Tuesday that the labour market was showing signs of softening and inflation pressures were easing after data showed unemployment at its highest since 2021 and a slowdown in private sector wage growth.
Monetary Policy Committee member Alan Taylor also warned on Tuesday that the British economy risked a "bumpy landing", citing the impact of US president Donald Trump’s trade tariffs.
Data published earlier this week showed weak growth in retail sales, partly reflecting concerns about possible tax increases in Reeves’ November 26 budget.
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