Tesla India Turns Profitable In First Full Year Of Car Sales
What Happened
Tesla India Motors and Energy reported ₹247.31 crore revenue and ₹5.16 crore net profit in FY26, its first financial year with Model Y vehicle sales. Revenue jumped nearly 12-fold from ₹20.83 crore in FY25, while vehicle sales contributed ₹214.69 crore, or about 87% of revenue. Registrations also picked up, rising from 346 vehicles during September 2025-March 2026 to 650 during April-September 2026.
Key Takeaways
Tesla’s India operations turned profitable in their first financial year of vehicle sales, while registrations accelerated in the first half of FY27, albeit from a relatively small base.