Tesla leases space for first Indian showroom in Mumbai's BKC
Trending News
2 weeks, 5 days ago

Tesla leases space for first Indian showroom in Mumbai's BKC

India TV News  

Tesla leases space for first Indian showroom in Mumbai's BKC Media reports indicate that this showroom, located in BKC, Mumbai, has an area of 4,003 square feet, or approximately 372 square meters. Tesla, owned by the world’s richest man, Elon Musk, has committed to a five-year lease starting from February 16, 2025, with an initial rental fee of USD 446,000 for the first year. Musk's meeting with Prime Minister Narendra Modi during his recent visit to the United States appears to have been a pivotal moment that sparked the initial groundwork for Tesla’s Indian venture. Meanwhile, the Indian government is set to introduce a new Electric Vehicle policy that aims to reduce import taxes and attract global automakers, including Tesla.

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History of this topic

Mumbai real estate: BNP Paribas leases office space at a record rent of ₹811 per sq ft in BKC
2 weeks, 3 days ago

Mumbai real estate: BNP Paribas leases office space at a record rent of ₹811 per sq ft in BKC

Hindustan Times  

Global banking giant BNP Paribas has secured a premium office space at Maker Maxity in Mumbai's Bandra Kurla Complex, leasing a 3,497 sq ft ground-floor unit at a monthly rent of ₹811 per sq ft. The Mumbai real estate lease deal, valued at around ₹17 crore over five years, ranks among the highest-value commercial property deals in India, solidifying BKC …

Tesla signs deal for first India showroom to sell imported EVs
2 weeks, 4 days ago

Tesla signs deal for first India showroom to sell imported EVs

The Hindu  

U.S. electric carmaker Tesla has signed a lease deal to open its first showroom in Mumbai, as it moves towards a goal to sell imported cars in India, registration papers show, after it dropped similar plans last year. Reuters reported last month that Tesla had selected locations for two showrooms in New Delhi and Mumbai, days after the carmaker's chief, …

Tesla renting 4,000-sq ft space in BKC Complex for first showroom in India, to pay ₹35 lakhs monthly
2 weeks, 4 days ago

Tesla renting 4,000-sq ft space in BKC Complex for first showroom in India, to pay ₹35 lakhs monthly

Hindustan Times  

American EV maker Tesla has rented a 4,000-sq ft space in the Bandra Kurla Complex business district to house its maiden showroom in the country, it was revealed on Wednesday. The launch of Tesla in India is a keenly awaited one The company, promoted by billionaire Elon Musk, will be paying a rent of over ₹35 lakh per month for …

Tesla Signs Deal To Open First Showroom In Mumbai's BKC. Details Here
2 weeks, 5 days ago

Tesla Signs Deal To Open First Showroom In Mumbai's BKC. Details Here

ABP News  

US electric carmaker Tesla has signed a pact to open its first showroom in India reported Reuters. The company has signed a five-year lease starting February 16, 2025 for a rent of about Rs 3,87,49,884 for the first year for a 4,003 square feet space, as per the report with reference to the registration papers. Modi-Musk Meeting Today's development comes …

Elon Musk's Tesla signs 5-year lease for first Mumbai showroom: Report
2 weeks, 5 days ago

Elon Musk's Tesla signs 5-year lease for first Mumbai showroom: Report

India Today  

Electric car manufacturer Tesla is all set to open its maiden showroom in India in Mumbai, having already signed a lease deal, as per a report by Reuters. The rent will increase by 5% every year, reaching about Rs 4,70,98,505 in the fifth year, according to the registered lease document provided to Reuters by analytics firm CRE Matrix. Tesla's first …

‘Tesla yet to discuss domestic production plans with Indian govt.’
3 weeks ago

‘Tesla yet to discuss domestic production plans with Indian govt.’

The Hindu  

A year since a policy offering significant duty cuts for high value electric vehicles in lieu of domestic production was announced, Tesla is yet to engage in discussions with the Indian government, according to a senior government official. While there have been three meetings with industry stakeholders since the Scheme to Promote Manufacturing of Electric Passenger Cars in India was …

Tesla To Open its First Showroom in Mumbai: Report
3 weeks, 1 day ago

Tesla To Open its First Showroom in Mumbai: Report

Deccan Chronicle  

Elon Musk’s Tesla is set to make its much-anticipated entry into the Indian market as the US electric vehicle giant has secured a deal to open its first showroom in Mumbai. This was finalised after Tesla CEO Elon Musk met Prime Minister Narendra Modi in the US, following which the company posted 13 job openings in India. Job openings Tesla …

Tesla to open India's first showroom at Maker Maxity in BKC Mumbai, to pay ₹35 lakh a month as rent: Sources
Trending News
3 weeks, 2 days ago

Tesla to open India's first showroom at Maker Maxity in BKC Mumbai, to pay ₹35 lakh a month as rent: Sources

Hindustan Times  

Elon Musk's automotive company Tesla has finalized its showroom space in Mumbai’s Maker Maxity, a mixed-use development located in the Bandra Kurla Complex, at a monthly rent of around ₹35 lakh, sources told HT.com Tesla secures showrooms in Mumbai and Delhi: 3,000 sq ft space in BKC’s Maker Maxity at ₹ 35 lakh, 4,000 sq ft in Aerocity at ₹ …

Elon Musk’s Tesla finalizes deal for first Indian showroom at Mumbai’s BKC, second showroom slated for Delhi: Report
3 weeks, 2 days ago

Elon Musk’s Tesla finalizes deal for first Indian showroom at Mumbai’s BKC, second showroom slated for Delhi: Report

Live Mint  

Elon Musk-led electric vehicle company Tesla has finalised a deal to open its first showroom in India at Mumbai's posh Bandra Kurla Complex, according to a report in the Times of India. Elon Musk's company is said to be paying one of the highest rents for commercial space at ₹900/sq ft, or around ₹35 lakh per month. Tesla's showrooms in …

Tesla’s first EV shipments to arrive at Mumbai port, first lot to be sold in Bengaluru, Delhi, and Mumbai
1 month ago

Tesla’s first EV shipments to arrive at Mumbai port, first lot to be sold in Bengaluru, Delhi, and Mumbai

Firstpost  

Tesla will kick off its sales this year soon, starting with three major cities — Bengaluru, Delhi, and Mumbai. The company has reportedly locked in locations for its first two showrooms, with one in Delhi’s Aerocity and another in Mumbai’s Bandra Kurla Complex Tesla is finally making its long-anticipated entry into India’s electric vehicle market after years of regulatory roadblocks, …

Tesla’s India launch: Tesla picks showroom sites in New Delhi, Mumbai to start sales, sources say
Trending News
1 month ago

Tesla’s India launch: Tesla picks showroom sites in New Delhi, Mumbai to start sales, sources say

The Hindu  

Tesla has selected locations for two showrooms in the Indian cities of New Delhi and Mumbai, moving closer to its long-delayed plans to sell its electric cars in the country, sources familiar with the matter said. The U.S. carmaker has been hunting for showroom space in India since late last year in order to start sales in the world’s third-biggest …

Tesla picks showroom sites in Delhi, Mumbai to start India sales
1 month ago

Tesla picks showroom sites in Delhi, Mumbai to start India sales

Deccan Chronicle  

NEW DELHI: Tesla has selected locations for two showrooms in the Indian cities of New Delhi and Mumbai, moving closer to its long-delayed plans to sell its electric cars in the country, sources familiar with the matter said. The U.S. carmaker has been hunting for showroom space in India since late last year in order to start sales in the …

Tesla EV cars: Here’s what it may cost to rent a car showroom space in Delhi and Mumbai
1 month ago

Tesla EV cars: Here’s what it may cost to rent a car showroom space in Delhi and Mumbai

Hindustan Times  

Elon Musk's automotive company Tesla has reportedly selected locations for setting up two showrooms in New Delhi and Mumbai spread across an area of around 5000 sq ft, said a Reuters report quoting sources. Here's what it may cost to rent a car showroom space in the two cities Tesla has shortlisted space to lease in the Aerocity area near …

Tesla starts recruitment in India, sends signal of entering EV market
1 month ago

Tesla starts recruitment in India, sends signal of entering EV market

New Indian Express  

NEW DELHI: US electric vehicle giant Tesla has initiated hiring in India, marking a significant step towards its much-anticipated entry into the country’s car market. The recruitment drive follows CEO Elon Musk’s recent meeting with Prime Minister Narendra Modi in the United States. In an effort to attract global EV manufacturers, the Indian government introduced a new policy in March …

Elon Musk's Tesla seeks showroom space in New Delhi, may be rethinking Indian market entry
3 months, 1 week ago

Elon Musk's Tesla seeks showroom space in New Delhi, may be rethinking Indian market entry

Firstpost  

Recent policy changes by the Indian government, aimed at attracting global automakers, could allow Tesla to import certain EVs at a reduced 15% tax rate if it commits to local investments Tesla is reportedly seeking a 3,000 to 5,000 square foot space for a consumer experience centre, along with a larger facility for vehicle deliveries and service operations. Image Credit: …

Tesla restarts search for Delhi showroom with DLF, sources say
3 months, 1 week ago

Tesla restarts search for Delhi showroom with DLF, sources say

The Hindu  

Elon Musk's Tesla has resumed its search for showroom space in the national capital, two sources told Reuters, in the first sign it is rethinking entering the Indian market after putting its investment plans on hold earlier this year. Tesla is evaluating multiple locations including DLF's Avenue Mall in southern Delhi and the Cyber Hub office and retail complex in …

Elon Musk's Tesla resumes hunt for New Delhi showroom with DLF: Report
3 months, 1 week ago

Elon Musk's Tesla resumes hunt for New Delhi showroom with DLF: Report

India Today  

Elon Musk's Tesla has resumed its search for showroom space in New Delhi, signaling a renewed interest in the Indian market after halting investment plans earlier this year, reported news agency Reuters. Tesla, which paused its expansion efforts in India for months, is now considering sites like DLF’s Avenue Mall in southern Delhi and the Cyber Hub in Gurugram. Avenue …

Tesla scouts for its first India showroom locations
11 months, 1 week ago

Tesla scouts for its first India showroom locations

The Hindu  

U.S. electric carmaker Tesla is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this year, two people familiar with the discussions said. India last month cut electric vehicle import taxes to 15% from as much as 100% for automakers that invest at least $500 million and set up a …

Ahead of Elon Musk's India visit, Tesla explores showroom locations in New Delhi, Mumbai: Report
11 months, 1 week ago

Ahead of Elon Musk's India visit, Tesla explores showroom locations in New Delhi, Mumbai: Report

India TV News  

Washington: Ahead of Tesla CEO Elon Musk's visit to India, the US electric carmaker is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this year, two people familiar with the discussions told news agency Reuters. India last month cut electric vehicle import taxes to 15% from as much as …

Tesla on Tamil Nadu's radar ahead of Elon Musk's India visit: Report
11 months, 1 week ago

Tesla on Tamil Nadu's radar ahead of Elon Musk's India visit: Report

India Today  

The Tamil Nadu government is set to aggressively market the state as a potential manufacturing site for global electric vehicles giant Tesla ahead of Elon Musk’s visit to India, reported Bloomberg News. Tamil Nadu’s Minister for Industries, Investment Promotion & Commerce TRB Rajaa told the publication that the state “will be pitching for all opportunities of electric vehicle manufacturing from …

Tesla makes big plans for India: May set up factory, make new car for developing nations
1 year, 2 months ago

Tesla makes big plans for India: May set up factory, make new car for developing nations

Hindustan Times  

As India moves closer to drafting a new electric vehicles policy, Tesla is in advanced talks to make an entry into the country and may be open to committing nearly $30 billion in investments, directly and indirectly, over the next five years in a manufacturing plant, and battery ecosystem and ancillary industries, people closely involved with the company’s official business …

Tesla's first India manufacturing plant likely to be set up in Gujarat: Report
1 year, 2 months ago

Tesla's first India manufacturing plant likely to be set up in Gujarat: Report

India Today  

Electric vehicle manufacturing giant Tesla is likely to establish its first local India manufacturing plant in Gujarat, reported Ahmedabad Mirror. As per the report, Gujarat's strategic advantages, including its favourable business environment and strategic location, have positioned it as the preferred destination for Tesla's manufacturing endeavours. While the government’s official stance is that no subsidy will be provided on imports …

India to be first non-European market for Tesla's proposed ‘most affordable car’: Report
1 year, 4 months ago

India to be first non-European market for Tesla's proposed ‘most affordable car’: Report

Hindustan Times  

According to a report, India will be the second market and first non-European destination for a proposed 2-door electric car from Elon Musk's Tesla, with the model also being the largest EV manufacturer's ‘most affordable’ vehicle. “While Tesla has earmarked its German facility for this most affordable car, it expects sizable volumes of this model from the Indian market. Meanwhile, …

Tesla leases office in Pune’s Viman Nagar
1 year, 7 months ago

Tesla leases office in Pune’s Viman Nagar

Hindustan Times  

Mumbai: Days after two of its senior executives reportedly had a meeting with Invest India officials last week to discuss plans of entering India and setting up an electric vehicle manufacturing plant, Elon Musk’s company Tesla India Motor and Energy Pvt Ltd has leased an office space in Panchshil Business Park in Pune’s Viman Nagar. Tesla leases office in Pune’s …

Tesla in talks to set up India factory, cars' starting price Rs 20 lakh: Report
1 year, 8 months ago

Tesla in talks to set up India factory, cars' starting price Rs 20 lakh: Report

India Today  

Electric vehicle maker Tesla is actively pursuing talks with the Indian government to establish a local factory. According to government sources cited by The Times of India, Tesla plans to produce up to 500,000 EVs annually, with prices starting at Rs 20 lakh. By localising production, Tesla aims to make its cars more affordable in India, paving the way for …

Tesla steps up recruitment in India, looks to fill senior level roles
3 years, 9 months ago

Tesla steps up recruitment in India, looks to fill senior level roles

India Today  

Electric carmaker Tesla Inc has ramped its recruitment drive in India and is looking to fill some senior roles as it aims to start its business operations in the world’s biggest emerging car markets. A Tesla fan club had also said in a tweet last week that the company has brought on board a senior legal counsel for India operations. …

Tesla to Setup India’s 1st Showroom at Mumbai's Lower Parel-Worli Business District: Report
3 years, 10 months ago

Tesla to Setup India’s 1st Showroom at Mumbai's Lower Parel-Worli Business District: Report

News 18  

Tesla, the US electric vehicle and world’s most valuable automaker will soon start its India innings with its first showroom cum office space in Mumbai’s Lower Parel-Worli business district. As per a report, the Elon Musk-led brand that has been eyeing the Indian market for long now has zeroed in on Mumbai’s posh locality to set up its first India …

Tesla scouts for showroom space in India, hires executive for lobbying
3 years, 11 months ago

Tesla scouts for showroom space in India, hires executive for lobbying

The Hindu  

Tesla Inc is scouting for locations to open showrooms in three Indian cities and has hired an executive to lead its lobbying and business efforts ahead of its planned entry into the country, sources familiar with the discussions told Reuters. The world's most valuable automaker by market capitalisation is looking for commercial properties as large as 20,000-30,000 square feet each …

Explained: Tesla's challenges in India as it gears up to sell EVs
4 years, 2 months ago

Explained: Tesla's challenges in India as it gears up to sell EVs

India Today  

Elon Musk’s electric car-making company, Tesla, is expected to soon start selling its base model in India. Therefore, the real challenge for Tesla will be to create a niche for itself in the fuel-dominated auto market in India Challenges for Tesla in India India has been announcing measures to boost EV sales in the country, but they may not be …

Tesla sets up its Indian subsidiary in Bengaluru, Karnataka govt confirms company’s R&D centre, assembly plant will be set up soon
4 years, 2 months ago

Tesla sets up its Indian subsidiary in Bengaluru, Karnataka govt confirms company’s R&D centre, assembly plant will be set up soon

Firstpost  

Tesla, EV maker and the world’s most valuable car company, has officially started its operations in India. Reports suggest that Tesla’s Indian arm goes by the name of Tesla India Motors and Energy Pvt Ltd. The key markets within India could initially be Bangalore, Delhi and Mumbai followed by other cities like Hyderabad, Chennai, Pune and others going by the …

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