Why It Matters: Tesla's entry into the country marks a significant milestone for Musk, as the billionaire had been eyeing the Indian market for a while. With the debut, Tesla will initially sell the Model Y in India for $70,000 for the base-spec Rear-Wheel Drive variant.

In the first tangible inroads Elon Musk has sought for years in India, Starlink passed a final regulatory hurdle and Tesla opened its first India store.

With delivery estimated to start from the third quarter, Tesla will drive on to India's busy roads, targeting a niche premium EV segment that accounts for just 4% of overall sales in the world's third-largest car market.