Mar 01, 2025 03:12 PM IST
The brand new showroom, Tesla’s first in India, is reportedly unfold throughout 4,000 sq. toes.
Billionaire Elon Musk’s Tesla is moving into prime gear for coming into India and has finalised a deal to open its showroom in Mumbai, in keeping with a report within the Occasions of India.
Elon Musk’s entry into India with Tesla will heat-up the EV race in one of many world’s largest vehicle markets.(AFP)
The showroom is positioned within the well-known Bandra Kurla Advanced and is reportedly unfold throughout 4,000 sq. toes on the bottom flooring. The deal has been finalised at ₹900 per sq. toes per 30 days, or round ₹35 lakh per 30 days for your entire area. This makes it one of many highest rents for business area.
Additionally learn: Industrial LPG gasoline cylinder value hiked by ₹6: Examine newest city-wise charges
In line with earlier stories, Tesla can also be planning to open a retailer in Delhi’s Aerocity, a premium locality located subsequent to the nation’s largest airport Indira Gandhi Worldwide Airport.
Tesla’s long-awaited India entry is seeing progress in current months after Prime Minister Narendra Modi visited US on an official journey. He met Musk throughout the journey together with US President Donald Trump and different prime diplomats.
Additionally learn: Shift in coverage after Sanjay Malhotra turned RBI Governor has led to weakening of Indian rupee: Report
A couple of days after PM Modi returned from the North American nation, Tesla posted 13 job openings in India in Mumbai and Pune.
How a lot will a Tesla automobile price in India?
Additionally learn: Citibank mistakenly sends ₹7,000 lakh crore as an alternative of ₹24,000 to shopper: Report
If Tesla positions the Mannequin 3 at a value 20-50 per cent greater than home EV fashions like Mahindra XEV 9e, Hyundai e-Creta, and Maruti Suzuki e-Vitara, the report added that it’s unlikely to disrupt the Indian EV market considerably.
The current decline in Mahindra and Mahindra’s inventory value is probably going factoring in a chance that Tesla might acquire market share by launching an entry-level mannequin priced under ₹25 lakh on street, CLSA mentioned.
Advisable Matters Information / Enterprise / Elon Musk finalises opening of Tesla showroom in Mumbai’s Bandra Kurla Advanced: Report
See Much less