Elon Musk's Tesla launches Model Y in India starting at $69,770 as it prepares to open its first showroom in Mumbai. The company aims to compete with luxury brands like BMW and Mercedes-Benz in the electric vehicle market amidst rising demand for EVs in the country.

Tesla has officially entered the Indian market, opening its first showroom in Mumbai and displaying two Model Y vehicles. While deliveries are expecte

Experts told CNBC that Tesla will compete in the premium segment of the market with the likes of BMW, rather than with local EVs like those from Tata Motors.

The electric vehicle giant announced on Tuesday that it will also launch four new charging stations in New Delhi, which will include 16 Superchargers and 15 Destination Chargers.

Tesla has officially launched its first showroom, the Tesla Experience Centre, in Mumbai, marking a significant step in India's EV ecosystem. Inaugurated by Maharashtra's Chief Minister, the showroom introduces the Model Y and signals Tesla's commitment to building a comprehensive EV infrastructure,