Tesla on lookout for potential showrooms in Mumbai, Delhi: Report
The company aims to begin with a showroom of 3000 to 5000 square feet, alongside a service hub in each city.
Tesla is scouting for viable showroom locations in Mumbai and New Delhi, as it looks to begin sales in India later this year, two persons in the know told Reuters.
The company aims to begin with a showroom of 3000 to 5000 square feet, alongside a service hub in each city, a source in the know informed the newswire.
Tesla has begun producing right hand car drives at its German plant, to export to India, separate sources have stated.
Last month India introduced a new EV policy, effectively slashing import duties on electric cars to 15% from 70-100% for five years. Automakers can benefit from the reduced import tariff if they invest at least Rs 4,150 crore, or USD 500 million, to make in India within three years.
Tesla Chief Executive Elon Musk is expected to make an investment announcement and meet Prime Minister Narendra Modi during a two-day visit to India from Sunday. Musk and Modi last met in New York in June.
RELATED ARTICLES
Citroen's Thierry Koskas expects India to be French brand's second largest market in 5 years
If India attains the target, it could overtake Italy, its second-largest market at present, which sells about 1 lakh uni...
Maruti Suzuki to commission one new plant and construct two new plants every year till FY31
India's biggest car maker is likely to hit the four million unit mark by FY27 and the four million units output mark by ...
Ceat Q4 PAT slides 23% at Rs 102.3 crore
The company's total income grew by 4% year on year to Rs 2.99,4.2 crore during the quarter.