Tesla's ₹9L Model Y Cut Shrinks Luxury EV Price Gap to ₹4L vs BMW, Mercedes
Tesla Model Y entry price drops to ₹50.89 lakh, narrowing the gap with BMW iX1 (₹51.40L) and Mercedes CLA EV (₹55L). Tesla sold just 342 units in FY26 against BMW's 3,537 EVs, but the recut sharpens competition in India's nascent luxury EV segment ahead of July 2026 deliveries.
Tesla cut Model Y entry price by ₹9 lakh to ₹50.89 lakh, undercutting BMW iX1 and Mercedes CLA EV. Tesla retailed 342 units in FY26 versus BMW's 3,537 EV units leading India's luxury EV segment.