<div id="readability-page-1"><div><div>Tesla Inc. TSLA has officially entered the Indian car market with the EV giant offering the Model Y starting around $70,000 as Elon Musk's EV giant opened the doors to its maiden outlet in the country.Check out the current price of TSLA stock here.What Happened: Tesla will sell the Model Y rear-wheel drive trim in India for over 6 million INR (Indian National Rupee) or approximately $70,000, according to a listing on Tesla's official Indian website.Tesla will also offer the Model Y long-range rear-wheel drive will retail for 6.8 million INR (roughly $79,000). The company will also offer FSD or Full Self-Driving in the country for an additional 600,000 INR, or approximately $7,000.Source: Tesla IndiaThe company's first official outlet in the country would be located in India's financial capital, Mumbai.Why It Matters: Musk's EV giant had been eyeing an entry into the Indian market for some time. However, steep import duties levied by the Indian government had posed challenges for Tesla.However, the government’s slashing of duties from 110% to 15% on luxury EV imports proved to be a major boost for the company's India ambitions. In the build-up to its entry, Tesla also tested a Model Y in Mumbai.Elsewhere, Musk has teased an &#34;epic&#34; demo by Tesla scheduled for the end of the year, leading to speculation about the company's Optimus humanoid robots, due for a major redesign, and the highly anticipated Cybercab.Tesla offers Satisfactory Momentum and Quality, while scoring well on the Growth metric, but offering poor Value. For more such insights, sign up for Benzinga Edge Stock Rankings today!Check out more of Benzinga’s Future Of Mobility coverage by following this link.<ul> <li>Will Your Tesla Car Support Grok? Only These Vehicles Will Be Able To Run Elon Musk-Led xAI’s Latest AI Model</li> </ul>Photo courtesy: VTT Studio / Shutterstock.com</div></div></div>

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Tesla Inc. has officially launched in India, offering the Model Y starting at approximately $70,000. The first showroom is located in Mumbai, with the Model Y rear-wheel drive priced at over 6 million INR and the long-range variant at 6.8 million INR. The Indian government's reduction of import duties from 110% to 15% has facilitated Tesla's entry. Additionally, Musk hinted at an upcoming demo featuring Tesla's humanoid robots and Cybercab.

- Tesla Inc. has officially launched in the Indian car market, offering the Model Y starting at approximately $70,000.  
- The company opened its first outlet in Mumbai and will sell the Model Y rear-wheel drive for over 6 million INR and the long-range version for 6.8 million INR.  
- The reduction of import duties from 110% to 15% on luxury EVs by the Indian government has facilitated Tesla's entry into the market.  

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Elon Musk's Tesla To Sell Model Y From $70,000 In India, Launches First Showroom In Mumbai