Tesla Offers Rs 2 Lakh Discount in India Amidst Slow Sales, Unsold Model Y Inventory

• Tesla is offering discounts of up to Rs 2,00,000 on select Model Y variants in India to boost sluggish sales.
• Approximately one-third of Tesla's initial import of 300 Model Y SUVs, around 100 units, remain unsold after four months.
• The premium pricing of the Model Y (starting at nearly $70,000) and limited local presence are cited as reasons for slow conversion rates.
• Despite 600 initial bookings, many reservations have not converted into confirmed sales, with only 227 vehicles registered in India in 2025.
• India's EV market is booming, with a 77% jump in electric passenger car sales in 2025, dominated by mass-market brands like Tata Motors and JSW MG Motor India.

Why It Matters: Tesla struggles in India, offering discounts on Model Y due to high prices and strong local competition.