16 Jul 2025, 02:32 PM IST i Summary is AI Generated. Newsroom Reviewed Tesla Inc. has officially entered the Indian market with the launch of its first store in Mumbai on Wednesday. Tesla's first India offering, Model Y, is priced around Rs 60 lakhs and to lure buyers, the Elon Musk-owned EV giant is offering 'easy' payment options via Equated Monthly Instalments or EMIs. In other words, one can now hit the Mumbai roads in a brand-new Tesla by opting for an EMI plan, lightening the wallet one month at a time. Tesla Model Y: Quick Check The electric vehicle maker has debuted in India with its best-selling offering, the Model Y, which comes with an on-road price of Rs 61 lakh in Mumbai, according to the price catalogue on Tesla’s website. The car is available in six colours—stealth grey, pearl white, diamond black, glacier blue, quick silver, and ultra red. Customers should note that the price may vary depending on the colour. Customers can apply for the EMI option with 9% interest rate and a down payment of Rs 6.91 lakh. The price for Stealth Grey car, price of rear-wheel drive in Mumbai is at Rs 59.89 lakh. While, the long-range rear-wheel drive is priced at Rs 67.89 lakh. ALSO READ