Tesla Shifts Gears in India: Elon Musk Unveils First Mumbai Showroom Today!

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The electric vehicle manufacturer founded by Elon Musk is opening its first showroom in India in an effort to expand into new markets and offset declining sales in existing markets. On Tuesday, a 4,000-square-foot space in Bandra Kurla Complex, Mumbai's posh financial district, will open its doors. It’ll showcase Model Y crossovers made in China with an expected sticker price of more than $56,000 before taxes and insurance, Bloomberg News reported last month.  Without a federal tax credit, that is approximately $10,000 more than the vehicle's starting price in the United States. A second showroom is expected to open in New Delhi by the end of July, and Tesla has beefed up local hiring and secured warehousing space.  But with no plans to set up a manufacturing plant in the world’s third-largest automobile market, Tesla’s entry into India is less about racking up immediate sales volume gains and more about gaging demand for its EVs and building up the brand’s image.

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