Elon Musk’s Tesla has flagged off its India operations with its first showroom in Mumbai now open. The showroom is located in Mumbai’s premium Bandra Kurla Complex area. It will be showcasing the popular Model Y and Model 3 cars at the venue. Maharashtra CM Devendra Fadnavis arrived at the first Tesla showroom in India, to commemorate the occasion.

The new Mumbai showroom opening marks the entry of Tesla in India, one of the world’s fastest-growing automobile markets. The showroom, at Maker Maxity in BKC, is around 4,000 sq ft large and is said to cost Rs. 35 lakh per month. While customers will be able to book their cars starting today, delivery is said to commence sometime in August. Delivery and registration are only limited to Delhi, Gurugram and Mumbai for now.

The experience centre is located near the Apple flagship store in BKC. Tesla is said to open a showroom isn Delhi as well. While this is a soft launch, the company is expected to do a grand inauguration as well. To book the Model Y or the Model 3, consumers will need to head to the Mumbai experience store.

Musk’s company has imported all the cars fully assembled from China, paying heavy taxes (approximately 70 percent) on the same. The cars are said to be priced starting at around Rs. 40 lakhs in India.

The spotlight will be on the Model Y, which is the most popular variant of Tesla across the world. The SUV is available globally in two variants, Long Range RWD and Long Range AWD (Dual Motor). It claims to offer up to 574 km and goes from 0 to 100 kmph in just 4.6 seconds.

The Model 3, Tesla’s most affordable offering in the Indian market, will also be showcased but is expected to go on sale later in 2025. The top variant of the Model 3 clocks 0 to 100 kmph in 3.1 seconds, has a range of 507 km, and a top speed of 162 kmph.

Tesla India has reportedly leased a 24,500-square-foot space in Mumbai’s Kurla West to set up a service centre, located close to its upcoming showroom in BKC.

Mumbai: To deliver a blow to the drug menace, the state government is mulling several moves, including lowering the age of juveniles in drug-related cases, a special narcotics drive and preparing standard operating procedures (SOP) for handling foreigners like Nigerians involved in drug trafficking.

Maharashtra CM Devendra Fadnavis Makes The Announcement

CM Devendra Fadnavis made the announcement in the assembly on Monday, after MLA Vilas Bhumre from Chhatrapati Sambhaji Nagar moved a calling attention motion on the issue. The latter’s concerns were echoed by Sena (UBT) MLA Varun Sardesai. Bhumre expressed grave concern over the easy availability of drugs in his constituency, stating that MD, ketamin and even synthetic drugs were being openly sold.

Similarly, Sardesai, pointed out that several densely populated slum areas in Bandra East had become hotbeds for open drug peddling. He alleged that police often hesitate to enter these congested areas. “These (Nigerian) accused often commit another minor crime to avoid deportation, which delays justice and complicates their legal status,” Sardesai said.

Fadnavis assured that a special drive will be carried out in the Behrampada, Bharat Nagar, Golibar, and Naupada areas of Bandra East. He added that talks are on with the Centre regarding SOPs for handling accused foreigners. “The Centre has informed us that in cases involving minor offences, legal withdrawal of minor charges followed by immediate deportation could be considered,” the CM said.

Mumbai: The Bombay Stock Exchange (BSE) received a bomb threat via email on Tuesday morning, claiming that four RDX IED bombs were planted in BSE tower, set to detonate at 3 PM. The email originated from an ID named “Comrade Pinarayi Vijayan.”

In response, the police and bomb squad swiftly arrived at the site to conduct a thorough search, finding no suspicious objects. A case has been filed at the Mata Ramabai Ambedkar Marg Police Station against an unidentified individual under specific sections of the Bharatiya Nyaya Sanhita (BNS).

The threat led to immediate action by BSE officials, who alerted Mumbai police. Historical context reveals that the BSE was previously targeted in a devastating terrorist attack on March 12, 1993, resulting in significant casualties and damage.

the stock market saw a rebound after four days of decline. The Sensex and Nifty indices improved due to a significant drop in retail inflation to a six-year low of 2.1% in June, aligning with the Reserve Bank of India’s comfort zone.

The recovery was additionally supported by positive signals from Wall Street, with the BSE Sensex rising by 203.95 points, reaching 82,457.41, and the NSE Nifty increasing by 68.85 points to 25,151.15. Notable gainers included Sun Pharma and Bharti Airtel, while HCL Technologies faced a decline of nearly 3% following a reported drop in net profit for the June quarter, despite raising its revenue growth guidance.