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Investing.com -- Tesla Inc. (NASDAQ:TSLA) is preparing to open its first showrooms in India in July, marking its entry into the world’s third-largest automobile market as the electric vehicle maker seeks growth amid declining sales in Europe and China, according to a report from Bloomberg, citing sources.
The company’s first batch of vehicles has already arrived in India. These are Model Y rear-wheel drive SUVs shipped from Tesla’s factory in China.
Tesla plans to open its first showroom in Mumbai as early as mid-July, followed by a location in New Delhi. The company has also imported Supercharger components, car accessories, merchandise, and spare parts from the United States, China, and the Netherlands.
This launch concludes a lengthy back-and-forth regarding Tesla’s entry into the Indian market. CEO Elon Musk has long expressed interest in the Indian market but delayed entry due to disagreements over tariffs and local manufacturing requirements.
The breakthrough in Tesla’s India entry came after Musk met with Indian Prime Minister Narendra Modi in the United States in February. Following this meeting, it was reported that Tesla planned to ship several thousand vehicles to a port near Mumbai.
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