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Tesla India reports ₹247 crore revenue, ₹5 crore profit in FY26 as Model Y sales begin - Published OnOct 26, 2026 | 21:43 IST - Last Updated OnOct 26, 2026 | 21:43 IST Vehicle deliveries have surged following the opening of the automaker's flagship Mumbai showroom, driving substantial capital investments in local infrastructure. Monthly registration volumes continue to climb rapidly as operations expand. Find out how the company plans to scale its supply chain to meet growing domestic demand. Tesla India Motors and Energy Private Limited reported revenue of ₹247.31 crore and a net profit of ₹5.16 crore in FY26, its first financial year with vehicle sales in India, as the Elon Musk-owned automaker scaled up its domestic operations. Revenue from operations rose nearly 12-fold from ₹20.83 crore in FY25, while net profit increased from ₹55.49 lakh, as reported by Moneycontrol. The company’s revenue in FY25 came entirely from services, making FY26 the first year in which vehicle sales contributed to its reported turnover. Vehicle sales generated ₹214.69 crore, accounting for nearly 87% of total revenue in FY26. Services contributed ₹32.40 crore. Tesla began selling its Model Y in India after opening its first showroom in Mumbai in July 2025. Vehicle registrations increase in FY27 Tesla recorded 346 vehicle registrations in India between September 2025 and March 2026, according to Vahan data. Registrations rose to 650 between April and September FY27, surpassing the previous financial year’s tally within six months. Average monthly registrations increased from around 49 to 108, indicating higher volumes following the initial launch period, although the increase was from a small base. Investment and expenses rise Tesla infused ₹86 crore into its Indian entity during FY26. Tesla International BV contributed ₹85.91 crore, while Tesla Motors Netherlands B.V. contributed the remaining ₹8.6 lakh. Cash expenditure on property, plant and equipment and capital work-in-progress increased to ₹62.54 crore in FY26 from ₹1.16 crore a year earlier. Cash and cash equivalents stood at ₹87.82 crore at the end of March 2026, compared with ₹10.28 crore a year earlier. Also Read: Bajel Projects bags ₹200 crore order from Tata Power for 400 kV substations in Mumbai Tesla India reports ₹247 crore revenue, ₹5 crore profit in FY26 as Model Y sales begin More from Market Paytm Q2 Results: Net profit jumps over 10-fold to ₹226 crore, revenue surges 29% Oct 26, 2026 Bajel Projects wins largest-ever ₹1,500 crore order for 765 kV transmission lines in Gujarat Oct 26, 2026 Nifty Outlook for October 27: Analysts see 23,000 in sight if index clears 22,800 resistance Oct 26, 2026
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