| Updated: 15-07-2025 09:49 IST | Created: 15-07-2025 09:49 IST Tesla SHARE Elon Musk's Tesla has officially launched its Model Y vehicles in India, as the electric car giant opens its first showroom in Mumbai. The starting price for the Model Y has been set at approximately $69,770, according to the company's website. India stands as the third largest car market globally, albeit with a marginally low electric vehicle segment penetration. Tesla's entry, facing off against luxury brands like BMW and Mercedes-Benz, aims to capture high-end Indian buyers in the EV segment. While security is visibly tight around the showroom, a select few have glimpsed the Model Y on display. Musk's vision aligns with India's 2030 target to increase EV market share to 30% from the current 4%, backed by incentivizing policies for foreign automakers. ON: