Tesla India revenue jumps 1,087% to ₹247 crore in FY26 as Model Y sales drive growth
Tesla India Motors and Energy Private Limited reported a sharp rise in revenue in FY26 as the electric carmaker began selling vehicles in the country, with sales increasing more than 11-fold to ₹247.3 crore. The company’s revenue stood at ₹20.8 crore in FY25, as per company filings reviewed by Fortune India. The jump in FY26 came as Tesla began commercialising its India operations with the Model Y. Vehicle registration data shows that Tesla sold 1,782 cars in India during the financial year, with the Model Y accounting for the bulk of registrations. The sales mark Tesla’s first meaningful presence in India’s passenger vehicle market, although its volumes remain small compared with established carmakers and leading electric vehicle manufacturers. Despite the sharp increase in sales, Tesla India’s operating margin narrowed to 5.5% in FY26 from 13.7% a year earlier. Operating profit…

































