With delivery estimated to start from the third quarter, Tesla will drive on to India's busy roads, targeting a niche premium EV segment that accounts for just 4% of overall sales in the world's third-largest car market.

Tesla enters Indian car market with Model Y for $70,000 for the base Rear-Wheel drive variant through all-new outlet in Mumbai.

Tesla (NASDAQ:TSLA) has officially entered the Indian market with the launch of its Model Y electric SUV, priced at around ₹6 million ($69,751), according to a price catalog published on its website.