As Tesla’s sales decline following Musk’s forays into US politics and amid a lack of new models, BYD has overtaken it to become the world’s largest manufacturer of EVs. Its annual revenues surpassed $100 billion for the first time in 2024.

General Motors has accelerated EV sales and market share while Texas-based Tesla cratered this spring due to criticism of Musk.

After a long, long wait, Tesla has finally arrived in India, opening its first showroom in Mumbai. Its Model Y, priced between Rs 61-69 lakh on-road, is up for sale. But can Indian customers afford Elon Musk’s EV?

Tesla has officially entered the Indian market with its physical presence in Mumbai. With its Model Y, the company is set to compete with BMW, Mercedes-Benz, Volvo, and even the Kia.

Elon Musk's Tesla begins selling its Model Y cars in India, priced around $69,770, marking its entry into the world's third largest car market. Despite EV challenges, Tesla targets affluent customers and takes on luxury brands in the premium EV segment,