Tesla has launched its Model Y in India, priced at ₹60 lakh, amid high import tariffs. While the entry is strategic, analysts believe the immediate impact on sales and stock may be limited, but long-term potential exists in India's growing EV market.

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 has made its long-awaited entry into India with the opening of its first showroom — nine years after CEO Elon Musk first teased the move in April 2016 and following years of delays and shifting timelines in one of the world’s largest automotive markets.