Tesla Launches in India: Would You Buy a Tesla or a 2BHK Home for ₹60 Lakh?

Tesla has officially entered the Indian market, and its electric vehicles come at a price that might make you question your priorities — a Tesla car or a 2BHK apartment in Delhi-NCR? With prices starting at ₹59.89 lakh, Tesla’s arrival is creating quite a stir in the premium EV market. But is it really worth the investment in India’s current electric vehicle ecosystem?

Tesla Opens Its First Showroom in Mumbai

After years of anticipation, Tesla Inc., the world’s leading electric car manufacturer, has launched its operations in India. The company’s first showroom has been set up at the Bandra-Kurla Complex (BKC) in Mumbai. This move marks the beginning of Tesla’s journey in one of the fastest-growing EV markets in the world.

The company plans to expand further, with a second showroom expected in Delhi soon. For now, Tesla vehicles will be sold as Completely Built Units (CBUs), imported directly from the U.S. and China.

Model Y to Lead the Launch: Pricing and Variants

Tesla’s first offering for the Indian market is likely to be the Model Y SUV, a global best-seller. Two variants are expected:

• Model Y Long Range RWD

  • Estimated Range: 574 km

  • 0–96 km/h: 5.4 seconds

  • Expected Price: ₹59.89 lakh (ex-showroom)

• Model Y Long Range AWD

  • Estimated Range: 526 km

  • 0–96 km/h: 4.6 seconds

  • Expected Price: ₹75 lakh (ex-showroom)

These prices are significantly higher than what customers pay in the U.S. due to India’s import duty of nearly 70% on CBUs.

How Much Cheaper Is Tesla in the U.S.?

To put things into perspective:

• Model Y RWD in the U.S.: $37,490 (~₹32.2 lakh)

• Model Y AWD in the U.S.: $41,490 (~₹35.7 lakh)

Clearly, Indian buyers are paying almost double the price compared to American consumers — largely due to the absence of local manufacturing and high import tariffs.

Should You Buy a Tesla for ₹60–75 Lakh in India?

For many, the thought of spending ₹60 lakh on a car is equal to buying a small apartment in a metro city. The middle-class buyer may find the price out of reach, especially considering a few key limitations:

• EV Charging Infrastructure: Still developing in India, especially in smaller towns and rural areas. Getting stranded without a charging point is a real concern.

• Depreciation: Cars are depreciating assets. Spending ₹60–75 lakh on a vehicle may not be financially wise unless it’s a lifestyle or status-driven decision.

• Running Costs vs. Upfront Costs: While electric cars are cheaper to run, the high purchase price and lack of government subsidies reduce the overall cost-benefit advantage.

Tesla’s Vision for India

Tesla has reportedly shipped 6 units of Model Y and other accessories to India worth over $1 million (~₹8.3 crore) as part of its launch preparation. The company has built a 24,566 sq. ft. experience center in Mumbai and is evaluating CKD (Completely Knocked Down) assembly plans in the future, which may help reduce pricing.

However, for now, there is no plan for local manufacturing, which means the premium pricing will continue unless policies or import duties are revised.

The Verdict: Status Symbol or Smart Choice?

Tesla’s India entry is a big moment for the country’s auto sector. It brings world-class technology and design to Indian roads. But at ₹60–75 lakh, it remains a luxury for the few — tech-savvy individuals, influencers, entrepreneurs, and those looking to make a statement.

For the average buyer, though, the question remains: Would you rather buy a Tesla or a 2BHK home?