Tesla Inc. will open its first showroom in India on Tuesday and begin deliveries as early as next month, according to people familiar with the matter, as the Elon Musk-led electric vehicle maker looks to tap potential demand in the third-largest automobile market to counter slowing sales elsewhere.

Electric vehicle maker Tesla inched closer to start its sales in India, as it said on Friday it would be opening its first showroom at the financial hub of Mumbai on July 15, dubbed as an "experience center".

After years of speculation, negotiations and diplomatic dance-offs, Tesla has officially announced its entry into the Indian market. The company will open its first showroom at Mumbai’s Jio World Drive in Bandra Kurla Complex,