Tesla has made its long-awaited entry into India with the opening of its first showroom — nine years after CEO Elon Musk first teased the move in April 2016 and following years of delays and shifting timelines in one of the world’s largest automotive markets.

Vantage with Palki Sharma | N18G Elon Musk's car company Tesla has opened its first-ever showroom in India. For now, Tesla is only offering one model, the Model Y, for sale in India. Will Tesla be able to crack the Indian car market?

Wang, once a battery chemist, founded BYD in 1995. The company entered automobiles in 2003 and launched its first EV in 2009. Berkshire Hathaway invested $230 million in BYD in 2008—an early bet that has now returned over 15x.

Experts told CNBC that Tesla will compete in the premium segment of the market with the likes of BMW, rather than with local EVs like those from Tata Motors.

With its sales cratering in the West, the electric vehicle giant is making a high-stakes pivot to the world's third-largest auto market.

Tesla’s long-awaited India debut comes as the government considers lowering EV import duties in a U.S. trade deal.

Tesla has officially entered the Indian market with its first showroom at Mumbai’s Bandra Kurla Complex. The company has launched its popular compact electric SUV, the Model Y, priced from ₹60 lakh. This highly anticipated launch marks a significant milestone in India’s electric vehicle revolution.