"This One's For You, Elon Musk": INOX Group's Siddharth Jain Buys Tesla
Siddharth Jain posted an image of his Tesla Model Y in stealth grey.
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- From: India News Bull
INOX Group's Executive Director Siddharth Jain proudly announced on Monday the acquisition of what he termed "India Inc's first Tesla." Sharing his excitement on X, Mr Jain posted an image featuring his stealth grey Tesla Model Y.
"This one's for you, Elon Musk," he stated in his post, acknowledging the Tesla CEO.
"I am beyond thrilled to receive India Inc's 1st Tesla! I've been anticipating this special moment since my visit to the Tesla Fremont factory in 2017! Dreams do indeed become reality!" Mr Jain expressed.
This one's for you @ElonMusk!!!I am beyond thrilled to receive India Inc's 1st @Tesla !I have been waiting for this precious moment ever since I visited the Tesla Fremont factory in 2017!Dreams do come true!✨ pic.twitter.com/UMEAxK4Ixg
— Siddharth Jain (@JainSiddharth_) September 15, 2025
The American electric vehicle manufacturer officially launched in the Indian market in mid-July, inaugurating its first showroom at Mumbai's Bandra Kurla Complex, with a second outlet following at New Delhi's Indira Gandhi International Airport several weeks later.
On September 4, Tesla India's official X account revealed that deliveries would commence "soon" across Mumbai, Delhi, Pune, and Gurugram.
Deliveries for Model Y starting soon. pic.twitter.com/4PWCbT2JMx
— Tesla India (@Tesla_India) September 4, 2025Tesla's Model Y, imported to India from the company's Shanghai Gigafactory, is priced starting at Rs 61.07 lakh in Mumbai and Rs 66.76 lakh in Gurugram. These prices nearly double the cost of the same model in the United States, primarily due to India's hefty 110 percent import duty on fully built vehicles priced above $40,000 (approximately Rs 33.4 lakh).
According to Bloomberg, Tesla has secured around 600 orders since July and anticipates delivering 350-500 vehicles to India this year.
Earlier this month, Tesla ceremonially delivered a Model Y to Maharashtra State Transport Minister Pratap Sarnaik at its Mumbai Experience Centre.
The company is targeting a specific segment within India's automotive market, where electric vehicles represent 4 percent of total volumes. Currently, Tesla continues importing vehicles from overseas and has dismissed the possibility of local manufacturing in the near future, according to Heavy Industry Minister HD Kumaraswamy.