Tesla Unveils Six-Seater Model Y L in India to Cater to Growing Demand
Electric vehicle maker Tesla launches six-seater Model Y L variant in India
Business Standard
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Tesla has launched the six-seater Model Y L in India, priced at ₹62 lakh ($66,324), expanding its product lineup in the world's third-largest automobile market. This new variant aims to attract Indian consumers favoring larger vehicles, aligning with the rising demand for sport utility vehicles.
- 01Tesla's Model Y L is priced at ₹62 lakh ($66,324) in India.
- 02The launch responds to increasing consumer preference for larger vehicles.
- 03The Model Y L features an extended wheelbase and is positioned between higher-end and affordable variants.
- 04Tesla's entry into India comes with challenges due to a 100% import tariff.
- 05Lower running costs could help buyers recover about one-third of the purchase price within four to five years.
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Tesla has introduced the six-seater Model Y L in India, priced at ₹62 lakh ($66,324), as part of its strategy to expand its offerings in a market that is increasingly leaning towards larger vehicles. The Model Y L, featuring an extended wheelbase, sits between Tesla's premium and more affordable variants. This launch comes less than a year after Tesla entered India, where it faces challenges such as a steep 100% import tariff, making its vehicles significantly more expensive than in other markets. The existing rear-wheel-drive Model Y is priced at approximately ₹60 lakh ($64,500), which places it in a niche segment, as most Indian cars are sold below $22,000. Despite these challenges, Tesla's lower running costs, including maintenance and fuel savings, could allow buyers to recover about one-third of the Model Y's purchase price over four to five years, according to Tesla India Head Sharad Agarwal. The Model Y L has not yet been launched in the United States but was introduced in China last year, starting at 339,000 yuan ($49,687.80).
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The introduction of the Model Y L could influence the preferences of Indian consumers towards electric vehicles, particularly in the premium segment, potentially increasing the adoption of EVs in the country.
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