NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%
NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%

Tesla Readies New Model Y L for India Market

Tesla Inc. is preparing to introduce a new, larger version of its global best-selling electric SUV in India as early as next week, according to people familiar with the matter. The Model Y L, a six-seat, long-wheelbase configuration, made its global debut in China last year. This variant features a three-row seating layout for families seeking more space than the standard five-seat Model Y, which Tesla began selling in India last July.

The new addition will be shipped out of China's Shanghai gigafactory, the only site making this SUV so far, and from where Tesla also imports the Model Y standard and long-range variants for India. This move is part of a broader effort at Tesla to refresh its portfolio without launching entirely new platforms, as well as bolster its underwhelming sales in India, where imported cars face tariffs ranging from 70% to 110%.

Tesla's sales in India have been disappointing, with the company registering only 227 cars in the country for all of 2025, according to India's official vehicle registration data. The weaker-than-expected demand forced the carmaker to offer discounts of as much as 200,000 rupees ($2,153) as it tried to offload the vehicles it had imported to India. The company had originally aimed to utilize its full 2,500-car annual quota last year.

Read also: Market Analysis: Key Stocks to Watch - Narayana Hrudayalaya, ABB India, Federal Bank, Premier Energies, Ather Energy and More

Globally, Tesla has been leaning on incremental upgrades and new variants like the Model Y L to sustain demand in an increasingly challenged electric-vehicle market. Its worldwide sales fell in 2025 for a second consecutive year, losing the No. 1 EV-seller spot to China's BYD Co.

MarketModel Y L Price (CNY)Model Y L Price (USD)
China339,000$49,679
Australia/New ZealandN/AN/A
IndiaN/AN/A

The company has signaled that the Model Y L is not a China-only product. The vehicle has already been confirmed for markets such as Australia and New Zealand, and Tesla has indicated other regions could follow.

Investor Takeaway

Tesla is expanding its product lineup in India with a new six-seater Model Y variant.

IPOScanner Logo

IPOScanner helps investors track upcoming, live and past IPOs in one place with GMP, subscription, allotment status and listing performance insights.

About IPO Scanner

IPOScanner is built for investors who want a clear view of every IPO opportunity in one place. From upcoming issues to live subscription data, allotment updates and listing performance, we bring together the key details you need to track the primary market.

Our tools are designed to be simple, fast and investor-friendly so you can focus on evaluating businesses instead of opening multiple tabs and websites for basic information.

Details of client bank account
For any query / feedback / clarifications, email at
[email protected].

Please read all offer documents and risk disclosures carefully before investing. IPOScanner does not provide investment advice and information on this site should not be treated as a recommendation to apply for any IPO.

© 2026 IPO Scanner. All rights reserved.