US electric vehicle manufacturer Tesla has signed a lease agreement to set up his first showroom in Mumbai, which is an important step towards starting the sale of its imported car in India. This step comes after the company sheltering similar schemes earlier.
According to the registration documents, Tesla has received a five -year lease starting from February 16, 2025. The company will initially pay around $ 446,000 for the first year for the first year for the first year-infectious for the size of a basketball court. According to data from the analytics firm Cre Matrix, the fare is scheduled to increase by 5% to reach about $ 542,000 by the fifth year.
The showroom will be located at a major business near Mumbai airport and manufacturer Maxity Building within the retail district, Bandra Kurla Complex.
Last month, Reuters reported that Tesla had identified places for two showrooms in India, one in Mumbai and the other in New Delhi. The development follows a meeting between Tesla CEO Elone Musk and Indian Prime Minister Narendra Modi in the US, indicating the company’s renewed interest in the Indian market.
