Elon Musk's Tesla reportedly shortlists New Delhi, Mumbai and Bengaluru to open its first showrooms in India
- 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.
TeslaIndia Motors and Energy Private Limited was incorporated, on January 8, in India’s southern state of Karnataka.
AdvertisementCalifornia-based electric car titan Tesla, Inc. is reportedly searching for a space to set up their first showroom in India. The company, founded by
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.
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
Business Insider has mailed Tesla requesting comments on the media report. We will be updating the story if and when we receive a response.
Samsung is repurposing its old Galaxy phones into medical cameras for countries like India
Gupshup, an Indian AI startup, raises $100 million from Tiger Global to join India’s fast growing club of unicorns
Meet muons — tiny subatomic particles that indicate there could be a fifth fundamental force of nature
Popular on BI
- Discover what's new in iOS 17: Your ultimate guide to the latest features
- Hyderabad-based ethnic retailer Sai Silks Kalamandir IPO subscribed 4.4x
- After JP Morgan, Indian bonds set to enter other global bond indices; capital raising for infra push to get a boost
- 10 calcium-rich foods to ward Off calcium deficiency
- Amazon introduces next-gen of Echo smart devices with new-age AI