AirAsia India is an Indian low cost carrier headquartered in Chennai, India. The airline is a joint venture with AirAsia Berhad holding 49% stake in the airline, Tata Sons holding 40.06% and Arun Bhatia holding the remaining 10% through his company, Telestra Tradeplace. Air Asia India commenced operations on 12 June 2014 with Bangalore as its primary hub.

AirAsia is the first foreign airline to set up a subsidiary in India and the company marked Tata's return to the aviation industry after 60 years, having ceded Air India in 1946. As of February 2016, AirAsia India is the fourth largest low cost carrier in India, after IndiGo, GoAir and SpiceJet with a market share of 2.2%.

In February 2013, with the Indian government allowing a foreign direct investment of up to 49% in airlines, AirAsia Berhad applied to the Indian Foreign Investment Promotion Board (FIPB) seeking approval for commencing its operations in India. In March 2013, AirAsia announced that it would establish a joint venture with Tata Sons and Telestra Tradeplace with Tata Sons representing the airline with two non-executive directors in the board. The airliner planned to operate with the world's lowest unit cost of ₹1.25 (1.9¢ US) per available seat Kilometre and a passenger break-even load factor of 52%. It also planned to hedge 100% of its fuel requirements for the first three years and to achieve an aircraft turnaround time of 25 minutes.

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