New Delhi: Tesla says that buyers in India can recover nearly one-third of the Model Y’s Rs 60 lakh price ($67,220)through savings on fuel and maintenance within four to five years. This was shared by the company’s India General Manager, Sharad Agarwal, in a conversation with Reuters. India is a price-sensitive market, yet Tesla has managed to sell 140 units since bookings opened in mid-July.

Negotiations for a free trade deal between India and Europe have also slowed down. If that agreement had progressed, Tesla could have imported cars from its German factory at lower rates. Now, with shifting geopolitical conditions and stalled trade talks, Tesla has fewer options left to bring down the cost of its cars in India. The company now has to........

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