Elon Musk’s Tesla registered its local company in India; challenged by space constraints in Mumbai and Delhi

Elon Musk’s Tesla registered its local company in India; challenged by space constraints in Mumbai and Delhi

FPJ Web DeskUpdated: Friday, April 09, 2021, 11:35 AM IST
article-image
Elon Musk’s Tesla registered its local company in India; challenged by space constraints in Mumbai and Delhi | Craig Adderley/ Pexels

Elon Musk, founder of Tesla on several occasions stated that Tesla will be entering India soon. Last time, he stated it will enter India in 2021. Looks like Tesla is working hard to achieve that target. According to Reuters, Tesla is hunting for locations to open showrooms in three Indian cities -- Mumbai, New Delhi and Bengaluru. In addition, the company is in the process of hiring an executive to handle Indian operations.

It has already registered a close local company in India. This local company will import and sell Tesla’s Model 3 sedan in India.

Now, the automaker is looking for a showroom space that will be as large as 20,000-30,000 square feet in each location. This space will be showrooms and service centres.

Global property consultant CBRE Group is hired for the showroom searches by Tesla. The consultant has been hunting for places in affluent areas that match the company’s space requirement. However, in cities like Mumbai and Delhi, large spaces in affluent areas are largely unavailable. "If you look at Tesla's showrooms globally, they are like experience centres. It would look at replicating that with some modifications for the Indian market," said one of the sources, all of whom declined to be identified as the talks are private.

The report stated the company has recruited Manuj Khurana, a former executive of India's investment promotion body Invest India. He is the first major hire to lead its policy and business development efforts in the country.

RECENT STORIES

Tata Group Felicitates ICC Women’s World Cup 2025 Winning Team

Tata Group Felicitates ICC Women’s World Cup 2025 Winning Team

GST Rate Rationalisation Leads To 5 Per Cent Growth In States’ Revenue: Minister Pankaj Chaudhary

GST Rate Rationalisation Leads To 5 Per Cent Growth In States’ Revenue: Minister Pankaj Chaudhary

Yashoda Healthcare, Fusion CX, Orient Cables, 4 Others Get Sebi's Approval For IPOs

Yashoda Healthcare, Fusion CX, Orient Cables, 4 Others Get Sebi's Approval For IPOs

Vibrant Gujarat Regional Conference 2025: MoUs Signed To Accelerate Gir Somnath’s Industrial...

Vibrant Gujarat Regional Conference 2025: MoUs Signed To Accelerate Gir Somnath’s Industrial...

Sensex Falls 533 Points, Nifty Slips Below 25,900 On Weak Global Cues

Sensex Falls 533 Points, Nifty Slips Below 25,900 On Weak Global Cues