Tesla India Motors and Energy Private Limited rented office space in Pune, Maharashtra’s Panchshil Business Park, a few months after Prime Minister Narendra Modi and Elon Musk met in the US.
This lease is viewed as a significant milestone in Tesla’s foray into the Indian market.
Tesla India Motors and Energy Private Limited has reportedly rented a 5,850 square foot office space on the first floor of the B wing of the Panchshil Business Park, according to data analytics firm CRE Matrix. Tesla India Motor & Energy Pvt Ltd was first formed in Bengaluru in 2021 as a Tesla subsidiary in India.
THE EVOLUTION OF TESLA IN INDIA
Tesla hinted at intentions to build up to 500,000 electric vehicles yearly, with starting pricing of Rs 20 lakh, in July. If successful, this invention might have a big positive impact on India’s developing EV industry.
If successful, this development might considerably expand India’s growing EV industry.
Tesla submitted a proposal to establish a plant in India earlier in May to produce its electric cars for both domestic and international sales.
Elon Musk and Tesla were welcomed in India by the TimesNews24 team.