Tesla | Pakistan

Tesla unveiled its first showroom in India on Tuesday, marking its entry into the world’s most populous country, as Elon Musk’s electric vehicle company seeks new customers amid sagging sales in the United States and Europe. The store opened its doors to select visitors after its inauguration by Maharashtra Chief Minister Devendra Fadnavis in India’s financial capital Mumbai. Tesla has for years signalled its interest in India but held back due to the country’s steep tariffs on electric vehicles. Musk, who once described India as having “more promise than any large country”, has also criticised its import duties, calling them among the “highest in the world”. New Delhi has offered to cut import taxes on electric vehicles for global automakers only if they commit to investing hundreds of millions of dollars and make cars locally. Tesla has yet to announce plans to set up a plant in India. For now, local media reports say, the company will likely sell cars imported from China, with deliveries projected to start...

Tesla will open its first India showroom in Mumbai next week, having imported $1 million worth of cars and merchandise, marking its entry into the world’s third-largest car market despite CEO Elon Musk’s complaints about high import tariffs. In an invitation to the media on Thursday, the carmaker said the July 15 event was the “launch of Tesla in India through the opening of the Tesla experience centre at Bandra Kurla Complex,” located in the city’s leading commercial business district. Grappling with excess manufacturing capacity at its other factories and falling sales, Tesla has pivoted to selling imported cars in India, on which it will need to pay about 70 per cent import duty and other levies. Commercially available custom records from January to June showed Tesla imported vehicles, chargers and accessories into India worth close to $1m, mainly from China and the United States. The vehicles included six of Tesla’s best-selling Model Y at a shipment value of $32,500 each for five cars, and $46,000 for th...