Tesla Enters Indian Market with Expensive $70,000 Model Y Amid High Tariffs

Reported about 8 hours ago

Tesla has officially launched its Model Y in India, priced at around $70,000, making it the most expensive among major markets. The launch comes as the company faces declining sales and seeks to tap into a niche electric vehicle segment in the world's third-largest car market. Despite high import tariffs exceeding 100%, Tesla is pushing for lower duties while it imports vehicles made in China. The company plans further local manufacturing in the future, according to Maharashtra's Chief Minister.

Source: YAHOO

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