Tesla(US:TSLA) Zhi Tong Cai Jing·2025-06-20 13:10Group 1 - Tesla plans to open its first showrooms in India in July, marking its entry into the world's third-largest automotive market amid declining sales in Europe and China [1] - The first model to be imported to India is the Model Y rear-wheel drive SUV, which is currently the best-selling electric vehicle globally [1] - The company aims to establish its first showroom in Mumbai by mid-July, followed by a second in New Delhi, and has imported components for supercharging stations and vehicle parts from the US, China, and the Netherlands [1] Group 2 - The Model Y imported from Shanghai has a declared price of 2.77 million rupees (approximately $31,988), with over 2.1 million rupees in import duties, aligning with India's 70% tax policy on vehicles priced below $40,000 [2] - The pre-tax price of the Model Y in India is expected to exceed $56,000, which poses a challenge in a price-sensitive market where electric vehicles account for only 5% of total passenger car sales [2] - Tesla needs to convince cost-conscious Indian consumers to purchase high-end electric vehicles, as the luxury car market share is less than 2% [2] Group 3 - Following the departure of the India head Prashanth Menon, Tesla has not appointed a new leader but is reportedly accelerating the expansion of its charging network, retail, and policy teams [3] - The import of the Model Y represents Tesla's initial foray into the Indian market, with plans to gradually expand its operations and introduce more models [3] - Tesla has leased a warehouse in Karnataka and plans to establish additional storage facilities in Gurugram, New Delhi, targeting high-end clientele by situating showrooms in prime business districts [3]