Tesla India Posts ₹247 Crore Revenue, Turns Profitable in Debut Year of Car Sales

Tesla India has reported ₹247.3 crore in revenue and turned profitable with a net profit of ₹5.16 crore in FY26, its first full year of car sales, driven primarily by the Model Y and Model Y L. This marks a major milestone for the EV maker in India’s price-sensitive market, showing early viability despite high import duties.

Tesla India FY26 Performance

• Revenue: ₹247.31 crore (up nearly 12x from ₹20.83 crore in FY25)
• Net Profit: ₹5.16 crore (vs. ₹55.5 lakh in FY25)
• Vehicle Sales Contribution: ₹214.69 crore (~87% of revenue)
• Services Contribution: ₹32.4 crore
• Registrations: 1,782 vehicles in FY26; momentum continued with 650 registrations in the first half of FY27

Expansion in India

• Showrooms & Experience Centres: Mumbai, Delhi, Noida, Gurugram, Chennai, Bengaluru, Hyderabad
• Body Shops: Pune and Ahmedabad
• First showroom: Opened in Mumbai in 2025
• Investment: ₹86 crore infused into Tesla India Motors and Energy in FY26

Models Driving Growth

• Tesla Model Y: Price ₹50.89 lakh, Range ~500 km, Seating 5-seat configuration
• Tesla Model Y L: Price ₹61.99 lakh, Range 681 km, Seating 6-seat, three-row layout

Financial Snapshot

Metric	FY25	FY26
Revenue	₹20.83 crore	₹247.31 crore
Net Profit	₹55.5 lakh	₹5.16 crore
Vehicle Sales	—	₹214.69 crore
Services Revenue	₹20.83 crore	₹32.4 crore
Registrations	—	1,782 vehicles
Capital Expenditure	₹1.16 crore	₹62.54 crore
Cash & Equivalents	₹10.28 crore	₹87.82 crore

Challenges Ahead

• High Import Duties: 100% duty keeps Tesla’s pricing premium compared to rivals with local manufacturing
• Rising Costs: Employee benefits tripled to ₹43.67 crore; rent surged to ₹30.32 crore
• Competition: Rivals like BMW iX1, Kia EV6, and BYD Sealion 7 offer competitive EV options at lower prices