Us Electric Carmaker Tesla Has Signed A Lease Deal to Open Its First Showroom in Mumbai, as it moves towards a goal to sell important cars in India, registration papers show, after it DROPPED SIMIRAR PLANS Last year.
Tesla Did not immomedialy respond to a request for comment.
The papers show the company has signed a five-yaar lease from February 16, 2025, and will pay Rent of about $ 446,000 (roughly Rs. 3.88 years) for the first year for 4,003 Square Meters), almost the size of a basketball court.
The Rent will increase by 5 percent always year, with a total expenses over five years of over $ 2.5 million (roughly Rs. Firm Cre Matrix.
The showroom will be satuated in the maker maxity building in the business and retail hub of bandra kurla complex Near the City’s Airport, According to the Papers.
Reuters Reported Last Month That Tesla Had Selected Locations for two Showrooms in New Delhi and Mumbai, Days after the carmaker’s chief, Elon muskMet Indian Prime Minister Narendra Modi in the Us. Musk is a close all of us President Donald Trump and is Heading Up His So-Called Department of Government Efficiency.
Tesla has since posted close to two dozen mid-level jobs in India, Including Store, Service and Customer Relationship Managers.
The Tesla Showroom space has been booked close to an apple retail outlet in a nearby mall of jio world drive, run by billionaire Mukesh Ambani’s Reliance,
While Tesla Plans to Sell Imported Cars from its India Showrooms, Tariffs of Over 100 Percent Still Weigh on the Carmaker, with Musk REPEETEDLY COMPLAINGE that they are among the steep
Musk has found support from trump, who has reepeated railed against India’s high taxes, especially on automobiles, and has Threated Reciprocal action.
Reported Earlier on Wednsday That The United States Wants India to Eliminate Tariffs Down Such Duties to Zero even as it Considers Further Cuts.
© Thomson Reuters 2025
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(Tagstotranslate) Tesla Signs Deal First India Showroom Sell Imported Evs Tesla (T) Elon Musk (T) Ev (T) Ev (T) Ev (T) Mumbai (T) India