Tesla Faces Unexpected Hurdles in India, Offers Lakhs in Discounts Amid Slow Sales

• Tesla entered the Indian market last year with high hopes but has not received the anticipated response.
• The company is experiencing order cancellations and has an inventory of about 100 unsold Model Y SUVs from a batch of 300.
• To clear stock, Tesla is offering discounts of up to 2 lakh rupees (approx. $2,200) on some variants.
• High import taxes (up to 110%) and increasing global competition, especially from BYD, are challenging Tesla's growth.
• Indian buyers are opting for cheaper alternatives like BMW iX1 or feature-rich options like BYD Sealion over Tesla Model Y.

Why It Matters: Tesla struggles with slow sales and high inventory in India, leading to significant discounts on its vehicles.