Brief by Shorts91 Newsdesk / 11:16am on 02 Sep 2025,Tuesday Business
Tesla has received disappointing booking numbers in India, with just over 600 Model Y orders since its July launch. The company plans to ship 350-500 cars to India this year, with the first batch arriving from Shanghai in early September. Tesla launched the Model Y at approximately $70,000, reflecting India's high import tariffs on EVs. The company targets a niche market where EVs represent only 4% of total sales, operating in four cities: Mumbai, Delhi, Pune, and Gurugram. Meanwhile, Tesla faces continued sales declines across European markets, with France down 47.3% and Sweden dropping 84%, though Norway, Spain, and Portugal showed growth amid fierce competition from Chinese rival BYD. (PC: Reuters)
