What's the story Tesla is set to open its first showroom in India on Tuesday, with vehicle deliveries expected to begin as early as next month, Bloomberg reports. The move signals the Elon Musk-led electric vehicle (EV) giant's formal entry into the world's third-largest auto market, as it seeks to offset slowing sales in other regions. Located in Mumbai, the showroom will offer customers details on pricing, available models, and trim options, according to the documents. Scenario Final retail price will be much higher than US price Documents reviewed by Bloomberg last month revealed that five Model Y units were declared at around ₹27.7 lakh (around $32,270) each. With India's 70% import duty on fully built vehicles priced under $40,000, along with additional surcharges, the final retail price is expected to be significantly higher than the $46,630 US sticker price. Tesla's Mumbai showroom will initially open its doors to VIPs and business partners during the first week, followed by public access the week after. Facebook