Elon Musk's Tesla reportedly shortlists New Delhi, Mumbai and Bengaluru to open its first showrooms in India

Elon Musk's Tesla reportedly shortlists New Delhi, Mumbai and Bengaluru to open its first showrooms in India
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  • The company is reportedly looking for commercial properties which have 20,000 to 30,000 square feet of space.
  • The company has reportedly shortlisted New Delhi, Mumbai and Bengaluru to open showrooms and service centres.
  • Tesla India Motors and Energy Private Limited was incorporated, on January 8, in India’s southern state of Karnataka.
California-based electric car titan Tesla, Inc. is reportedly searching for a space to set up their first showroom in India. The company, founded by Elon Musk, has also hired an executive to lobby with the government, according to a report by news agency Reuters.

Tesla had registered itself in India, via its Amsterdam arm, earlier this year.

Tesla India Motors and Energy Private Limited was incorporated, on January 8, in India’s southern state of Karnataka and the registered address is in Lavelle Road, Bengaluru, with ₹15 lakh authorised capital and ₹1 lakh paid-up capital.

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Sridhar Ramachandran, a tax partner at Grant Thornton Bharat, had told Business Insider this route would help Tesla with tax benefits related to capital gains and dividend payments.

According to the Reuters report, the company is looking for commercial properties which have 20,000 to 30,000 square feet of space. According to unnamed sources, who talked to Reuters, the company has shortlisted New Delhi, Mumbai and Bengaluru to open showrooms and service centres.

The world’s most valued carmaker, by market capitalisation, has also reportedly roped in Manuj Khurana who was formerly with the government of India’s body for promoting investments in the country – Invest India. Khurana will reportedly lead Tesla’s “policy and business development efforts” in India.

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Business Insider has mailed Tesla requesting comments on the media report. We will be updating the story if and when we receive a response.

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