Tesla has chosen the location for its first corporate office and store in India. According to local media reports, the site is located in Mumbai's prime Lower Parel-Worli area.
Tesla Inc. has reportedly selected the Mumbai prime area to host its first corporate office in India. In addition, a company store will also be set up there. Tesla has so far evaluated several completed commercial properties in the Lower Parel-Worli area. The company's goal is to find approximately 40,000 square feet for office and retail space to begin operations in India shortly.
Local media reported that One World Center, located in the Nucleus office park, is one of the main contenders for the Tesla deal. Sources say the lease deal is currently at a technical stage and is likely to be signed shortly after due diligence.
Tesla has been trying to enter the Indian market since 2016, but the country's policy stance towards electric vehicles and a lack of infrastructure have significantly delayed the EV maker's development there. However, in 2020, Tesla CEO Elon Musk gave hope to the Indians and announced that the company would soon enter that market. Shortly thereafter, Tesla began active preparations to enable residents of the country to buy the company's electric vehicles by mid-2021.
At the moment, Tesla is considering only sales of finished products in the Indian market, however the country's government is seeking to involve the company in setting up a manufacturing enterprise here. India's transport minister tried to persuade the company by promising to provide the lowest cost of production in the world if Tesla produced electric vehicles in the country.
© 2021, Eva Fox. All rights reserved.
We appreciate your readership! Please share your thoughts in the comment section below.
About the Author
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.