Image Source : The Times Of India
Siddharth Jain, Executive Director of the Inox Group, has made headlines as the first Indian business leader to receive and own a Tesla Model Y, marking a milestone in India’s growing electric vehicle (EV) market. Taking delivery shortly after Tesla’s official launch in India this July, Jain celebrated the occasion with a jubilant social media post tagging Tesla CEO Elon Musk, capturing the imagination of India Inc and the EV ecosystem alike.
Key Highlights Of The Tesla Milestone
Siddharth Jain took delivery of a Tesla Model Y, proudly declaring it “India Inc’s first Tesla” on X (formerly Twitter)
He expressed excitement over achieving a dream first kindled during a 2017 visit to Tesla’s Fremont factory in California
The milestone is seen as a symbolic push for India's luxury EV adoption amid Tesla’s recent showroom launches in Mumbai and Delhi
Jain heads the Inox Group, a diversified conglomerate with business interests in industrial gases, renewable energy, and entertainment
His Tesla Model Y is imported from Tesla’s Shanghai Gigafactory, with prices reflecting India’s steep import duties on luxury EVs
Siddharth Jain’s Profile And Business Legacy
Siddharth Jain is a University of Michigan-educated engineer and an INSEAD MBA, positioned as a forward-looking 4th generation leader of the Inox Group founded in 1923. Under his stewardship, Inox continues to expand its footprint in industrial and medical gases, renewable wind energy, and multiplex cinema chains (merged with PVR).
He also actively participates in global and national forums including the World Economic Forum and serves as President of the Gas Industries Association of India. Jain balances business leadership with philanthropy through his family foundation and personal passions.
Tesla’s Entry And The EV Landscape In India
Tesla officially launched in India with its first Mumbai showroom opening in July 2025, followed by a second outlet in Delhi’s Aerocity. The Model Y is available in two variants with ex-showroom prices starting at around ₹60 lakh, significantly higher than global prices due to India’s import tariffs.
The first Tesla delivery in India was made to Maharashtra Transport Minister Pratap Sarnaik, who aims to promote EV adoption across the state. Despite a niche luxury market segment, Tesla’s arrival is perceived as catalytic for India’s broader EV ecosystem, inspiring business and government leaders alike.
Social Media Buzz And Elon Musk’s Response
Jain’s celebratory post tagging Elon Musk drew wide attention, including a congratulatory reply from the Tesla CEO. The interaction sparked viral engagement, reflecting strong interest in the Tesla brand’s growth in Indian corporate circles and beyond.
What This Means For India’s EV Future
Siddharth Jain’s acquisition symbolizes a turning point for India’s EV market, attracting other business leaders and consumers to embrace electric mobility. It highlights challenges like high import duties and limited local manufacturing but also underscores opportunities for infrastructure development and green technology uptake.
Conclusion
Siddharth Jain’s distinction as India Inc’s first Tesla owner is more than a personal achievement — it is emblematic of India’s accelerating journey towards sustainable transportation. As Tesla expands its footprint and local capabilities, leaders like Jain are at the forefront of an electric revolution reshaping India’s automotive and environmental landscape.
Sources: India Today, Times of India, Hindustan Times, Economic Times, Financial Express
Advertisement
Advertisement
