By Aditi Shah
MUMBAI, July 15 (Reuters) - Tech entrepreneur Elon
Musk's Tesla is selling its Model Y cars in India
starting at about $69,770, its website showed on Tuesday, as the
electric car maker prepared to open its first showroom in the
financial capital of Mumbai.
India is the world's third largest car market, although
electric vehicles comprise a very small slice, as concerns about
easy accessibility of charging infrastructure deter many
affluent buyers from going electric.
As Tesla gears up for busy roads still ruled by cars fuelled
by diesel and petrol, it will go head-to-head primarily with
German luxury giants like BMW and Mercedes-Benz in the
premium EV segment.
Among India's mass-market players are Tata Motors
and Mahindra.
Police guarded the showroom, with the brand's name etched in
black against a stark white wall, where the car, draped in black
and grey covers was partially visible on Tuesday through the
glass in a gated office complex.
With access tightly controlled, few onlookers or fans
lingered near the premises.
Musk has long eyed an entry in India, the world's most
populous country and where the rich are splurging on everything
from apartments to watches and jewellery, even bathrooms.
India aims to boost the share of EVs in domestic car sales
to 30% by 2030, from 4% now, offering tax cuts to foreign
automakers committing to some domestic production.
That proved to have limited appeal to Musk, although the
efforts were partly designed to lure Tesla.
Tesla's opening coincides with a pre-booking campaign in
India launched by Vinfast for its electric sports
utility vehicles VF7 and VF6.
Tesla is selling the Model Y rear-wheel drive for 6 million
rupees ($70,000) in cash, and its Model Y long-range rear-wheel
drive at 6.8 million ($79,000).
The U.S. selling price starts from $44,990, while in China
it is 263,500 yuan ($36,700) and in Germany 45,970 euros
($53,700).
($1=86.0020 rupees)
($1=7.1736 Chinese yuan renminbi)
($1=0.8564 euros)