Tesla’s India Letdown Spurs Discounts on Unsold Model Y SUVs

Tesla Inc. is struggling to offload about a third of the initial vehicles it imported to India last year, as some prospective buyers who made early bookings have backed out, according to people familiar with the matter.

Sluggish demand has left roughly 100 vehicles in search of buyers four months after the Elon Musk-led company shipped in a batch of about 300 Model Y sport utility vehicles, said the people, who didn’t want to identified because the information isn’t public. To clear out unsold stock, Tesla is offering discounts of as much as 200,000 rupees ($2,200) on certain variants ...