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.
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