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Tesla Model Y may cost Rs 20 lakh less in India as Musk's co aims to take a bite of desi EV market

Tesla aims to significantly reduce the price of its Model Y in India, potentially by a third within 4-5 years, to capture a larger share of the price-sensitive market. This strategic move, spearheaded by new India General Manager Sharad Agarwal, seeks to overcome high import duties and boost sales amidst stiff competition and slow EV adoption.