Tesla Initiates Certification for Model Y and Model 3 in India, Eyes Market Entry

New Delhi, March 14 - Tesla Inc., led by Elon Musk, has begun the certification and homologation process for its Model Y and Model 3 electric cars in India. Tesla India Motor & Energy Pvt. Ltd. has submitted two new applications for homologation. This is a crucial step for vehicles to be sold in the country, ensuring they meet Indian standards for emissions, safety, and roadworthiness. The move aligns with ongoing discussions between the U.S. and India regarding a free trade agreement, potentially lowering tariffs. Musk aims to establish a presence in India, the world's third-largest car market. India's electric car sales increased by 20% in 2024, reaching 99,165 units. The EV market is projected to grow at a CAGR of 43%.