Tesla has opened its first showroom in India and customers are lining up to flaunt its Model Y in their driveway. But will Elon Musk’s company manage to snatch a sizable share from incumbents, or will the initial euphoria die down?

With delivery estimated to start from the third quarter, Tesla will drive on to India's busy roads, targeting a niche premium EV segment that accounts for just 4% of overall sales in the world's third-largest car market.

Tesla Inc. opened its first India showroom, showcasing Model Y cars with a starting price of nearly $70,000, as Elon Musk’s electric-vehicle maker looks to tap new markets and offset slowing sales where it’s already well established.