In a nation where the average salary is around $4,200 a year, the all-electric carmaker is launching a $70,000 vehicle. The question is why.

Tesla (NASDAQ:TSLA) has selected Liberty General Insurance and Acko as its preferred insurance partners for its entry into the Indian market, according to the Press Trust of India.

Tesla entered India's market for the first time on Monday, making its Model Y SUV available and opening its first showroom in the nation.

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.

Tesla ( TSLA) officially launched in India on Tuesday, making a small bet on a country with massive growth potential.

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 Inc. inauguró el martes su primer local de exposición en India, el esperado debut del fabricante de vehículos eléctricos en el

Tesla launches the Model Y in India at $69,770, its highest global price, as it opens its first showroom in Mumbai and tests the premium EV market.