Tesla is providing discounts of up to $2,200 on its Model Y electric SUVs in India to address excess inventory. The move aims to sell off roughly a third of the remaining unsold vehicles in the country. The company recently shipped around 300 of these electric vehicles.
Tesla Inc. (TSLA), the electric vehicle manufacturer, has introduced significant discounts on its Model Y SUV specifically targeted at the Indian market. These reductions, reaching as high as $2,200, are designed to liquidate excess stock that constitutes about one-third of the unsold Model Y units currently in the country.
The initiative comes amid efforts to boost sales in India, where Tesla has been expanding its presence. According to recent reports, Tesla shipped approximately 300 of these electric SUVs to the region, highlighting the buildup of inventory that the discounts seek to address.
This pricing strategy reflects broader challenges in emerging markets for premium electric vehicles, where demand can fluctuate due to factors like import duties and consumer preferences. No specific end date for the discounts has been announced, but they are positioned as a temporary measure to clear the backlog.
Industry observers note that such promotions are not uncommon for Tesla as it navigates global supply and demand dynamics. The company's stock (TSLA) on NASDAQ has been under scrutiny, with this news published on January 14, 2026.
