
What is the rent of Mumbai showroom from which Elon Musk will sell Tesla cars in India? It is Rs...
To engage with Indian buyers, the showroom also displays the Tesla name in Hindi. It was inaugurated by Maharashtra's Chief Minister Devendra Fadnavis. Tesla's car prices for the Indian market have already been disclosed, but do you know how much they are paying for their premium showroom that sells premium luxury cars?
Tesla has launched its first showroom in India in the Bandra-Kurla Complex in Mumbai. The showroom, which is 4,000 square feet big, will not only provide an opportunity to buy a car, but it will also allow visitors to see Tesla's technology and features first-hand. For the time being, Tesla will sell the Model Y from this location.
As per the media reports, Tesla has taken a 4,000 sq ft retail space on a 5-year lease, for mounting costs of monthly rent of around Rs 35 lakh and a total expenditure of more than Rs 25 crore. The electric Midsize SUV, the Tesla Model Y, is priced from nearly INR 60 lakhs. Currently, the Model Y will be the only model available in the country. It will be offered in two variants: Rear-Wheel Drive, priced at INR 60 lakhs, and Long Range Rear-Wheel Drive, priced at Rs 68 lakhs.
Interior options include white and black themes, and the vehicle will feature a five-seat configuration. As of now, deliveries and registration are available only in Mumbai, Delhi, and Gurugram, as listed on Tesla's official portal. Pricing may vary depending on the state and applicable local taxes.
Customers can also opt for Tesla's Full Self-Driving (FSD) package, which adds an additional cost of Rs 6 lakhs over the base prices. The Model Y will be available in six colour options, of which Stealth Grey is the only one offered at no additional charge. The other colours: Pearl White Multi-Coat, Diamond Black, Ultra Red, Quicksilver, and Glacier Blue, will come at an extra cost. Interior options include white and black themes, and the vehicle will feature a five-seat configuration.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
6 minutes ago
- Business Standard
ixigo share skyrockets 15%, hits record on Q1 show; profit jumps 28% YoY
ixigo share price: Shares of ixigo, owned and operated by Le Travenues Technology Ltd were buzzing in trade on Thursday, July 17, 2025, with the scrip rallying up to 15.2 per cent to hit a fresh record high (all-time high) of ₹206.4 per share. At 11:30 AM, Ixigo share price was trading 13.96 per cent at ₹204.10 per share. In comparison, BSE Sensex was trading 0.13 per cent lower at 82,524.83 levels. What triggered the sharp rally in ixigo share price today? ixigo share price rose after the company posted a healthy set of numbers in the June quarter of financial year 2026 (Q1FY26) results. The company's profit rose 27.7 per cent year-on-year (Y-o-Y) to ₹18.9 crore in the June quarter of FY26, from ₹14.8 crore in the same quarter previous fiscal year. ixigo's revenue climbed 72.9 per cent Y-o-Y to ₹314.4 crore in Q1FY26, from ₹181.8 crore in Q1FY25. At the operating level, earnings before interest, tax, depreciation and amortisation zoomed 53 per cent Y-o-Y to ₹25.4 crore in the June quarter of FY26, from ₹16.6 crore in the June quarter of FY25. Ebitda margin, however, squeezed 100 basis points (bps) to 8.1 per cent in the quarter under review, as against 9.1 per cent in the same period last year. On Q1 show, Saurabh Devendra Singh, group CFO, ixigo, said, 'Q1FY26 is another strong quarter, with record revenue and profits across all our key verticals. The 54 per cent increase in adjusted Ebitda and 76 per cent growth in PBT (excluding exceptional items) demonstrate the strength of our operating model and disciplined execution. We remain committed to driving sustainable growth.' Moreover, the company's gross transaction value (GTV) came in at ₹4,644.7 crore in Q1FY26, growing 55 per cent Y-o-Y. Its Flight and Bus GTV led the growth with 81 per cent increase Y-o-Y while Train GTV grew 30 per cent Y-o-Y for Q1FY26 versus Q1FY25. Meanwhile, Rajnish Kumar, group co-CEO, ixigo and Aloke Bajpai, group CEO, ixigo, jointly said: 'We continue to see rapid growth and have hit new all-time highs. Our outstanding growth in categories such as buses and flights stems from our unique playbook that combines a customer-centric approach, ability to cross-sell and up-sell to our captive user-base, our tech-centric DNA, AI-driven efficiency, and enhanced brand awareness.' About ixigo Founded in 2007 by Aloke Bajpai and Rajnish Kumar, ixigo (Le Travenues Technology Limited) is a travel technology company that helps Indian travellers plan, book, and manage trips across trains, flights, buses, and hotels. Using artificial intelligence (AI) and proprietary algorithms, ixigo offers smart travel solutions through its suite of apps - ixigo, ConfirmTkt, and AbhiBus. These platforms enable users to book tickets, find accommodations, hire cabs, and access a range of travel utilities powered by crowd-sourced data. In FY25, the company reported over 54 crore Annual Active Users, establishing itself as a leading online travel agency (OTA) catering to India's Next Billion Users.


Time of India
6 minutes ago
- Time of India
India unfazed by Trump's secondary tariff threats: Hardeep Singh Puri on threat to Russian oil imports
Hardeep Singh Puri stated India is not worried about potential US sanctions. He believes oil markets are well-supplied and prices will decrease. India is diversifying its oil sources, including purchases from Argentina and Brazil. This comes after the US threatened tariffs on Russian imports and countries trading with Russia if a peace deal isn't reached. Tired of too many ads? Remove Ads Petroleum and Natural Gas of India Hardeep Singh Puri on Thursday said India is unfazed by US sanction threats as oil markets remain well supplied, adding that the prices will come said that India is currently buying crude oil from Argentina and will buy more from Brazil. The comments came while answering a question on US President Donald Trump's secondary tariffs threat at Urja Varta 2025 Trump, on Tuesday, had announced 100 per cent tariffs on Russian imports, including oil. Additionally, the US president also introduced equivalent secondary tariffs on countries importing from Russia, including on India. He wanred that the tariffs would be imposed if Russia did not arrive at a peace deal within 50 days. When asked about the secondary tariff warning, Puri said at the Thursday event that right now he does not have 'any pressure' in his oil refiners have been getting Russian oil at discounted rates since 2022, while while the West has moved away from Russia by imposing sanctions. Russia currently accounts for a third of India's oil imports, compared to less than 1 per cent before the war.A secondary tariff would affect Indian refiners with them having to switch to western countries for oil for a higher cost.

Economic Times
6 minutes ago
- Economic Times
RIL Q1 Results Preview: Asian Paints stake sale to trigger up to 88% YoY PAT growth. Check revenue, margin estimates
Mukesh Ambani-owned Reliance Industries (RIL) will announce its Q1 earnings on Friday, July 18, where the company is expected to report a steady performance, with healthy year-on-year (YoY) growth in profit aided by one-time gains from the Asian Paints stake sale. The operating income will be led by robust showings in the Oil-to-Chemicals (O2C), Digital, and retail segments. ADVERTISEMENT Sequentially, performance may be muted due to weakness in the Exploration & Production (E&P) business and a high base in Q4. Estimates of four brokerages are taken into account viz. Kotak Institutional Equities, Yes Securities, PhillipCapital and Nuvama Institutional Equities. RIL's Q1FY26 PAT is expected to rise sharply YoY across most estimates. Kotak Equities sees the highest PAT at Rs 28,542 crore, up 88.5% YoY and 47.1% QoQ, factoring in one-time gains from the Asian Paints stake sale. sees the highest PAT at Rs 28,542 crore, up 88.5% YoY and 47.1% QoQ, factoring in one-time gains from the Asian Paints stake sale. Yes Securities projects PAT at Rs 23,693 crore, up 36% YoY and up 5% QoQ. PAT at Rs 23,693 crore, up 36% YoY and up 5% QoQ. PhillipCapital expects Rs 22,463 crore, up 22% YoY and down 1% QoQ. expects Rs 22,463 crore, up 22% YoY and down 1% QoQ. Nuvama sees core PAT at Rs 19,443 crore, up 28% YoY, flat QoQ, excluding exceptional items. The growth is largely driven by higher earnings in Digital, Retail, and O2C businesses, partially offset by a decline in E&P. ADVERTISEMENT Revenue trends are seen to be mixed, with YoY growth in some estimates but sequential declines across the board. ADVERTISEMENT Yes Securities pegs revenue at Rs 2,50,900 crore, up 8.2% YoY and down 4% QoQ pegs revenue at Rs 2,50,900 crore, up 8.2% YoY and down 4% QoQ PhillipCapital sees topline at Rs 2,45,051 crore, up 5% YoY and down 7% QoQ sees topline at Rs 2,45,051 crore, up 5% YoY and down 7% QoQ Kotak estimates revenue of Rs 2,29,476 crore in the quarter under revenue (down 1% YoY, down 12.2% QoQ) estimates revenue of Rs 2,29,476 crore in the quarter under revenue (down 1% YoY, down 12.2% QoQ) Nuvama: Rs 2,21,482 crore, down 4% YoY and down 15% QoQ The sequential decline is attributed to lower crude oil prices, seasonality in the O2C segment, and weaker E&P EBITDA is expected to rise across all brokerages, with margin improvement supported by higher contribution from core verticals. ADVERTISEMENT Yes Securities: EBITDA at ₹45,927 crore, with margin improvement of 158 bps YoY and 154 bps QoQ EBITDA at ₹45,927 crore, with margin improvement of 158 bps YoY and 154 bps QoQ Kotak: ₹44,738 crore (+15.4% YoY, +2.1% QoQ) ₹44,738 crore (+15.4% YoY, +2.1% QoQ) PhillipCapital: ₹44,592 crore (+13% YoY, +2% QoQ); margin at 18.2%, up from 16.7% YoY and 16.8% QoQ ₹44,592 crore (+13% YoY, +2% QoQ); margin at 18.2%, up from 16.7% YoY and 16.8% QoQ Nuvama: ₹45,020 crore (+16% YoY, +3% QoQ) Margin expansion is attributed to higher contribution from high-growth, high-margin segments like Digital and Retail.O2C EBITDA is expected to post a strong recovery driven by improved refining margins and better petrochemical spreads. ADVERTISEMENT PhillipCapital: Rs 15,830 crore, up 21% YoY and up 5% QoQ Rs 15,830 crore, up 21% YoY and up 5% QoQ Kotak: EBITDA up 19% YoY, 3.5% QoQ despite a refinery shutdown EBITDA up 19% YoY, 3.5% QoQ despite a refinery shutdown Nuvama: EBITDA to rise 19% YoY, 3% QoQ on stronger cracks and spreads Refining throughput is expected at 17.8 MMT, with GRMs at $11.7/bbl, said Yes Securities).Digital Services (Jio)Strong subscriber additions and tariff hikes will drive robust digital growth. PhillipCapital: EBITDA at Rs 17,900 crore (+20% YoY, +4% QoQ), ARPU at Rs 211 EBITDA at Rs 17,900 crore (+20% YoY, +4% QoQ), ARPU at Rs 211 Kotak: EBITDA up 20% YoY and 3.7% QoQ EBITDA up 20% YoY and 3.7% QoQ Nuvama: 19% YoY and 3% QoQ EBITDA growth, ARPU up 15% YoY Subscriber base is expected to hover around 496–497 continues to be a growth driver supported by store additions and better footfalls. Yes Securities: Revenue at Rs 91,380 crore, up 20.8% YoY and 3.1% QoQ while EBITDA margin is seen at 7.6% Revenue at Rs 91,380 crore, up 20.8% YoY and 3.1% QoQ while EBITDA margin is seen at 7.6% PhillipCapital: EBITDA at Rs 6,570 crore, which may go up 16% YoY while declining 2% QoQ EBITDA at Rs 6,570 crore, which may go up 16% YoY while declining 2% QoQ Kotak & Nuvama: Retail EBITDA growth of 19–20% YoY, flat to mildly positive QoQ E&P (Exploration & Production)This segment is expected to drag overall performance due to lower KG-D6 production and weaker realizations. PhillipCapital: EBITDA at ₹4,500 crore (down 14% YoY, 13% QoQ) EBITDA at ₹4,500 crore (down 14% YoY, 13% QoQ) Nuvama: EBITDA to fall 10% YoY and 8% QoQ EBITDA to fall 10% YoY and 8% QoQ Kotak: EBITDA down 7.5% YoY and 6% QoQ (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)